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Reverse mortgage (Detroit News)  Appropriate for older borrowers who are "house rich" but cash poor, a reverse mortgage allows a homeowner to borrow against the equity in his home. The homeowner receives tax-free payments


Ugly Boom (Reg Req'd)  Ron Brown and his son, Steven, buy burned-out houses, flooded houses, abandoned houses, and, once in awhile, some "pretty houses." Since Aug.read more...


D.C. agency issues $50M in bonds for mortgage loans (Washington Business Journal)  The D.C. Housing Finance Agency has issued $50 million in bonds to provide low-interest mortgage loans to low and moderate-income borrowers in the District.read more...


Troup Commission approves third and final change order  By ANNE GLENN-HOLLIDAY Staff Writer Published Wednesday, July 06, 2005 12:14 PM EDT LaGRANGE -- Troup County commissioners, on Tuesday morning, approved the third and final government center change order,


Parents to pass on mortgage debt (BBC News)  A new mortgage allows parents to leave to their children not only their homes but their home loans as well.read more...


Credit Cards That Help Your Bottom Line  MOST PEOPLE WOULD argue that paying with plastic isn't particularly good for your fiscal health — particularly if you carry a balance.read more...

November 7th, 2005

Obama Seeks Congressional Hearings on Mortgage Fraud

U.S. Senator Barack Obama has asked the Senate Committee on Banking, Housing and Urban Affairs to hold hearings on mortgage fraud.

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