Is the housing boom ending? (Reg Req'd) TO BUY OR NOT Some people have hesitated to purchase a home for fear they could buy at the top only to see home prices start to decline.read more...
Mortgage Rates Hit 6 Percent, and Climbing (AP via Yahoo! News) Americans may have seen the last of long-term mortgage rates below 6 percent, and borrowing costs for home buyers likely will climb further, slowing frenetic demand that has stoked
'07 mortgage-backed bonds even shakier (The Philadelphia Inquirer) Subprime-mortgage bonds created in the first half of 2007 contain loans that are going delinquent at the fastest rate ever, Moody's Investors Service said yesterday.read more...
Nab 23 in mortgage con (New York Daily News) Twenty-three brokers, appraisers and bankers were indicted yesterday in a $3.5 million scheme to dupe banks and other lenders by recruiting "straw" buyers to fill out bogus mortgage and loan
Halifax is third big lender to raise mortgage rate (Independent) Halifax Bank, Britain's biggest mortgage lender, confirmed yesterday it would raise the cost of its home loans by 0.25 percentage points, following last week's base rate rise.read more...
Loans to accused felons linked to candidate STAFF WRITER pcorcoran@pioneerlocal.com Records show a Chicago bank owned by Democratic state treasurer candidate Alexi Giannoulias and his family loaned more than $20 million to firms controlled by two local
Mortgage rates, which have been trending upward, dropped this week, offering a dose of good news for prospective home buyers. Freddie Mac reported Wednesday in its weekly survey that rates on 30-year, fixed-rate mortgages averaged 6.28 percent. That’s down from last week’s rate of 6.37 percent, which was the highest in more than two years. Analysts attributed the decline to reduced fears on the
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