Mortgage scam ringleader pleads guilty (Dayton Daily News) Randall Aaron Davidson, a ringleader in the largest mortgage fraud scheme to be prosecuted in Montgomery County, pleaded guilty Friday to three charges in federal court.read more...
Where ?Mortgage? Isn?t a Scary Word (NYTimes.com via Yahoo! Finance) A confluence of economic circumstances is blamed for the dismal performance of mortgage REITs, but a handful of them is thriving as the economy falters.read more...
Strapped Homeowners Start To Feel the Pain of Rising Rates The popularity of adjustable-rate mortgages has helped fuel double-digit home-price gains and a surge in homeownership. But the downside of the lending boom is starting to show and is taking
N.C. businessman gets prison time for $19 million loan scheme A businessman accused in a $19 million mortgage scheme to falsify loan applications was sentenced Wednesday to almost six years in prison.Commentread more...
Long term mortgage rates fall A speech from the Fed chariman and a lousy jobs report sent fixed mortgages and adjustables in opposite directions, according to Bankrate's weekly survey.read more...
Mortgage Demand Slows Despite Lower Rates Even as interest rates declined, U.S. Mortgage applications fell for the third consecutive week to their lowest level since November 2003, according to the Mortgage Bankers Association.read more...
Average mortgage rates for single-family homes in the 10 largest metropolitan areas as of November 2 as compiled by bankrate.com. The rates are for 30-year, fixed-rate mortgages for 80 percent of the value of the house. A point is a one-time fee equaling one percent of mortgage.
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