Gov’t Warns on Risky Mortgage Products
U.S. bank regulators on Tuesday recommended that mortgage lenders take caution with innovative new mortgage products that may strain the finances of borrowers and banks as interest rates rise.
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Katrina-Affected Homeowners Get Mortgage Reprieves (NPR) Tens of thousands of homeowners in the Gulf Coast are likely to default on their mortgage payments this month. A 90-day grace period just ended for many in Louisiana who
A mortgage of convenience (Chicago Tribune) Energy-saving upgrades figure into initial loan balance For first-time home buyers Joshua and Latoya Washington, the mid-February arrival of their high-efficiency furnace was a cause for celebration?sweet
High cost of homes cuts into program (Reg Req'd) As Simi Valley home prices spiral skyward, the number of people applying for first-time home buyer loans is dropping.via
Dream Baby Gates Prevent Disasters Hidden hazards at grandma's house - also hotels and friend's homes - can be bad for babies and pets when you visit. more» read more...
Steps to improve the loan process (Reg Req'd) The Observer interviewed dozens of consumer advocates, industry officials and government regulators.read more...
Brother Of Suspected Terrorist Arrested In Utah Five relatives of terrorism suspect Shawqi Omar have been arrested in California and Utah in a fraud and money laundering investigation.read more...