RBA set to give mortgage holders respite (Sydney Morning Herald)
The Reserve Bank is set to give mortgage holders and the federal government another reprieve on Wednesday with interest rates expected to stay on hold.
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'Line-of-credit mortgage' creates an illusion (Boston Globe) A new kind of mortgage can, as if by magic, make a 30-year mortgage disappear in half the time.read more...
In selling a home, price is everything (Reg Req'd) Tisha and Dan Gaspard learned the hard way that the price they wanted for their Woodbury town home wasn't what any buyer was willing to pay.read more...
Top prosecutor takes aim at bad homebuilders New York's top prosecutor is taking direct aim at bad homebuilders and home improvement scammers.read more...
The run continues: AXA freezes $117 million mortgage fund (The New Zealand Herald) A local subsidiary of global financial giant AXA, Mortgage Backed Bonds, has suspended trading in wholesale holdings in its fund, as the run on mortgage backed investments continues apace.read more...
Indymac to Make `Major Changes' to Mortgage Lending (Update2) (Bloomberg.com) Aug. 2 (Bloomberg) -- IndyMac Bancorp Inc. is joining rival lenders in making ``very major changes'' to loan standards and raising interest rates because of a slump in mortgage securities,
Mortgage bills could rise by hundreds of poundsin wake of banking meltdown (Daily Mail) Mortgage bills could rise by hundreds of pounds a year as lenders respond to the chaos. One specialist lender, First National, yesterday raised the cost of new mortgages by as