Is the Housing Boom Headed For a Soft Landing or a Crash?
Standard & Poor’s predicts that the bubble will end with a fizzle, not a bang, but says it’s hard to tell when the market might weaken.
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FDIC to mortgage servicers: Freeze ARM rates (CNNMoney.com via Yahoo! Finance) The heat on U.S. mortgage lenders and servicers was turned up a few degrees this week when the country's chief bank regulator publicly proposed that they permanently freeze interest
Comparison of mortgage insurance cost (San Jose Mercury News) COMPARING COSTS Generally, upfront fees are higher for FHA insurance than for private mortgage insurance on conventional loans made to borrowers with low down payments.read more...
New Humboldt Post Office will be built downtown In another key factor in the redevelopment of downtown Humboldt, the United States Postal Service has announced the location for a new Post Office will be at Gazebo Park, the
Banks aim to take advantage as mortgage brokers struggle (BizJournals) There's plenty of bad news to go around in the subprime mortgage debacle, but some banks are seeing opportunity in the turmoil.read more...
National City takes $200M mortgage charge (The Toledo Blade) CLEVELAND ? National City Corp., Ohio?s largest bank, reported yesterday that it took a $200 million charge related to its mortgage securities and expects to set aside about $700 million
Appeal to mortgage firms on debts (BBC News) A housing charity urges more contact between mortgage firms and lenders to avert home repossession.read more...