Confused by all the Mortgage Options? Here's Help (Sleepy Eye Herald Dispatch) (ARA) - Fixed rate. Adjustable rate. Interest Only. Flex. All of the different types of home loans that are available these days can puzzle many homebuyers. But, say mortgage experts,
Mortgage preapprovals not worth the paper Brokers complain the information isn't verified, and is often inaccurate.read more...
Cool-Down In Housing Market Hits Rentals There used to be little doubt that owning your home was better than renting it. There's no reason to pay rent when you can pay a mortgage and build
Bear Stearns Buys Subprime Mortgage Unit (AP via Yahoo! Finance) Investment brokerage Bear Stearns Cos. said Tuesday it plans to buy parts of ECC Capital's subprime wholesale mortgage banking division for $26 million in cash and assumption of some
Mortgage Rates Dip on Weak Employment Data (AP via Yahoo! Finance) Mortgage rates fell this week as a weaker-than-expected employment report eased concerns about inflation. Freddie Mac, the mortgage company, reported Thursday that rates on 30-year, fixed-rate mortgages averaged 6.62
US mortgage firm sees $1.2bn loss (BBC News) US mortgage giant Countrywide Financial sees more than $1bn in quarterly losses - but improved forecasts send shares surging.read more...
About one of every two home loans made to blacks in the Fort Wayne area last year – whether a new loan or refinancing – was a “high-cost” loan, saddling borrowers with higher interest rates, higher fees and …
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