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Mortgage fraud grew with housing market (Houston Chronicle) The once-booming housing market and rising popularity of nontraditional home loans have produced an unwanted byproduct: a 35 percent increase in suspected mortgage fraud. A new report by federal regulators
British mortgage lending sags in June (AP via Yahoo! Finance) Britons took out 23.8 billion pounds in mortgage loans in June, the smallest amount for two years, official figures showed Friday.read more...
Bottom Line Published in the Asbury Park Press 09/30/05 Rates higher on mortgages Mortgage giant Freddie Mac reported Thursday that the nationwide average for 30-year fixed-rate mortgages rose this week to 5.91
Thornburg Mortgage shares fall on loss estimate (Reuters via Yahoo! News) Thornburg Mortgage Inc , a jumbo-mortgage lender pinched by the credit crisis, on Tuesday boosted its estimated loss from asset sales by 27 percent as trade data revealed lower
Caution is the Key Word In This Uncertain Market If you thought the credit crisis was over think again. The mostly mortgage-related mayhem has a long way to go. Individual investors should heed these tips to avoid trouble.