Another Mortgage Refinancing Wave? (GoldSeek.com) "Big surge in price of US homes fuels fears of bubble," writes the Financial Times newspaper. Meanwhile, another major news wire did a weekend report on the top 10 U.S.
Florida No. 1 in mortgage fraud; foreclosures up 60% (USA Today) Florida led the nation in mortgage fraud in 2007, a dubious distinction it's had two years running. And in a separate report, research firm RealtyTrac said nearly 60% more U.S.
The mortgage turmoil is also affecting renters (Seattle Post-Intelligencer) It's no secret that the nation's subprime mortgage meltdown, spike in foreclosures and fallen home prices have affected legions of home buyers, home sellers and homeowners. But what may be
Mortgage Sector Cut 86,000 Jobs in 2007 (AP via Yahoo! Finance) More than 86,000 mortgage jobs were cut in 2007 because of the weakening real estate market, according to a new report released Monday by MortgageDaily.com.read more...
Chattel mortgage likely to be approved Chattel or movable properties are very likely to be approved as legitimate items for small and medium-sized companies to finance from domestic banks, the International Finance News reported here Tuesday.via
At Toyota, Homes Are Built Like Cars Cubicles that are bits of homes, tucked with stairways, built-in closets and pink bathtubs, roll off the assembly line at a bustling Toyota plant in central Japan - not the
Q. My mortgage lender is unwilling to discuss dropping my $118 monthly PMI (private mortgage insurance) payment until May 2006, when I will have 24 months of ownership. I am willing to pay for an appraisal to prove there is no need for PMI because I now have well over 20 percent equity. Do I have any recourse other than refinancing? You are the PMI “stuckee” because your mortgage lender gets to
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