Home prices set for a drop as existing home sales continue to drop, report says Home prices may start to fall in the coming months, the National Association of Realtors said Tuesday, following a report that showed sales of existing homes fell in June and
Subprime mortgage industry meltdown (Bankrate.com) Mortgage lenders are tightening standards for loans to the 15 percent of potential borrowers who have the worst credit.read more...
Subprime lending bust, mortgage rates continue to hurt home building (Tacoma News Tribune) Construction of new homes fell in May as the nation?s homebuilders were battered by the crisis in subprime lending and rising mortgage rates.read more...
Mastering the mortgage maze (Chicago Sun-Times) Consider this brain teaser: What is it that we can't wait to obtain but, as soon as we do, we can't wait to get rid of? The answer: Our mortgage.
1st Independence hires president of mortgage unit (BizJournals) 1st Independence Bank Inc. has hired Mike Shearer to serve as president of the company's 1st Independence Mortgage Group.read more...
Enforceability of Prepayment Premium Provisions in Mortgage Loan Documents This program will provide an in-depth discussion and analysis of the scope, validity and enforceability of various types of prepayment and related provisions, which are now common in commercial mortgage
Samsung to pay $300M price-fixing fine Samsung Electronics Company Ltd. and its U.S. subsidiary have agreed to pay a $300 million criminal fine for fixing prices, the Justice Dept.
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