Some lenders heed warning on risky mortgages
Federal Reserve Chairman Alan Greenspan is turning up the volume on his warnings about potential perils of certain risky mortgages if the high-flying housing market loses much altitude.
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67 in Chicago area arrested in mortgage fraud sweep (Chicago Tribune) Federal authorities in Chicago this afternoon announced charges against 67 people in a sweeping investigation of mortgage fraud with national reach.
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On Mortgage Relief, Who Gains the Most? (New York Times) Many homeowners who are having trouble paying their mortgage will find that they do not qualify for the assistance announced by President Bush.read more...
Pay to play Livin' large has its price. There are the capital gains taxes, the private school tuition, the Mercedes tune-ups and the custom interior designer bill.via
Real estate market is weak, but won't crash (Reg Req'd) Report: Slowdown in home construction is cause for concern An economic report by the American Express Bank Ltd.read more...
Capstead Mortgage Declares Dividend (AP via Yahoo! Finance) Capstead Mortgage Corp., a real estate investment trust, said Tuesday its board of directors approved a quarterly dividend of 52 cents per share.read more...