Family That Fled From Hurricane Gets Help and Home
Fraud Seen as a Driver In Wave of Foreclosures Shady mortgage schemes -- some highly sophisticated -- are costing banks billions and help explain why defaults and foreclosures are rocking Wall Street and the economy. read more...
Inquiries of mortgage fraud are on the rise (Concord Monitor) Many facets of the U.S. economy may be in a downturn, but there is one definite growth industry: investigating mortgage fraud.read more...
JPMorgan has $1.5 billion in Q3 mortgage asset losses (Reuters via Yahoo! News) JPMorgan Chase & Co said it has racked up $1.5 billion of losses so far this quarter on mortgage-linked assets, reflecting deepening turmoil in credit markets.read more...
Mortgage rescue awaits signature (Deseret Morning News) Congress approved mortgage relief for 400,000 struggling homeowners Saturday as part of an election-year housing plan that also aims to calm jittery financial markets and bolster the sagging economy. President
Housing affordability has improved slightly across Canada: RBC Economics TORONTO - Housing affordability improved in the third quarter, thanks to faster income growth and slower home price increases, Royal Bank's RBC Economics division says in its latest housing report.read
UK housing market stable but softening The UK housing market is stabilising but the rate of annual house price growth is likely to continue falling, the Council of Mortgage Lenders said.via