Down payment aid channeled through charities
Down payment assistance programs provide most or all of a buyer’s down payment, typically at least several thousand dollars.
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Mortgage rates reverse course Mortgage rates fell for the first time in a month as the bond market waved goodbye to last week's Fed rate increase and looked ahead to the June employment report.read
House Of Cards: The Mortgage Mess (CBS News) Correspondent Steve Kroft reports on how the U.S. sub-prime mortgage meltdown, in which risky loans drove a housing boom that went bust, is now roiling capital markets worldwide.read
Bear Stearns Profit Drops 10% as Mortgage Bonds Slump (Update5) (Bloomberg.com) June 14 (Bloomberg) -- Bear Stearns Cos., the second-biggest U.S. underwriter of mortgage bonds, said earnings fell 10 percent, the first quarterly decline in two years, as mounting home-loan defaults
Mortgage crisis front and center: East Bay housing market hit hard by lending crisis (BizJournals) The housing downturn initially described as a market correction after a three-year boom turned into a full-fledged meltdown in 2007, when Wall Street investors spooked by rising default rates shied
First Active launches new mortgage deal (Sunday Business Post) First Active has launched a new mortgage package to take advantage of the Government?s plan to axe stamp duty for first-time buyers.read more...
Mortgage rates fall to 3-month low (Sacramento Business Journal) Long-term mortgage rates remain significantly higher than year-ago levels, but 30-year mortgages fell this week to the lowest level since late October.read more...