Types Of Bankruptcy

Mortgage bank Fannie Mae posts Q2 loss of to 2.3 billion (EARTHtimes.org)  Washington - US mortgage bank Fannie Mae reported on Friday a second quarter loss of 2.3 billion dollars, higher than previously predicted. The loss amounted to 2.54 dollars a share,


Mortgage applications slip (CNN Money)  Mortgage Bankers Association index falls 5.5 percent on lower demand for home-purchase and refinancing loans.read more...


HSBC Finance, USA profits fall   Two U.S.-based units of HSBC Holdings , Europe's largest bank, reported lower first-quarter profits on Monday, as a tough U.S. housing environment boosted mortgage and other credit losses. via


Change vs. Experience in Commission Race  read more...


Mortgage group relocates to Hudson (The Nashua Telegraph)  HUDSON ? Maple Ridge Mortgage Services LLC of Nashua is moving to Hudson. Tinkham Realty Inc. has announced the sale of a 10,000 square foot office building at 225 Derry


30-Year Fixed Mortgage Rates Slide (AP via Yahoo! Finance)   Rates on 30-year mortgages fell this week to the lowest level in six weeks. The mortgage company Freddie Mac reported on Thursday that 30-year, fixed-rate mortgages averaged 6.22 percent

December 21st, 2005

Interest-Only: Borrower Beware

Steve Clerman decided to refinance his townhouse in Montgomery Village back in 2003. One offer jumped out at him from the flood of loan solicitations that arrived in his mailbox, and he signed up for an interest-only, adjustable-rate mortgage.

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