Home foreclosures drop in June but spike likely "We anticipate a fair number of those are going to go into default, so we really do expect probably to see another spike in the Fall" U.S. home foreclosures
Stadium extension underway Work is finally underway on stage one of the multi million-dollar Stadium Southland extension at Surrey Park, in Invercargill, and already $200,000 has been added to the budget.via
Mortgage rates hold at 5.875% (BizJournals) Home mortgage rates held below 6 percent again this week, with some downward pressure as the two largest banks quoted lower rates than the other lenders.read more...
NJ Latest to Target Mortgage Woes (AP via Yahoo! Finance) New Jersey lawmakers are moving to cut mortgage foreclosures by imposing a six-month moratorium on subprime loan defaults, creating a new loan fund to help people stay in their
US home resales hold steady US existing home sales held at near-record levels in September amid a surge in some areas affected by Hurricane Katrina, the National Association of Realtors said on Tuesday.read more...
Two charged in mortgage fraud scam due in court today (Minneapolis-St. Paul Star Tribune) Men face charges of theft by swindle and racketeering in connection with a home mortgage fraud scamread more...
New Century Financial Corp. in Irvine said today that Patrick Flanagan, president of its subsidiary, New Century Mortgage Corp., is on personal leave for up to six months and then will become a consultant to …
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