Few borrowers know the score
Quick: What’s the biggest factor that helps determine your credit score? If you didn’t know that the answer is payment history – or if you’re not sure what a credit score is – you’re not alone.
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Mortgage company to eventually create 100 jobs in Schenectady (BizJournals) MEM Financial Solutions, a Halfmoon mortgage brokerage, has purchased a building in downtown Schenectady and will move its operations there.read more...
L.A. mortgage scam cost lenders $142 million (Daily Press) Two developers and their pals secured loans on homes they allegedly overpriced. Kathy Moore's loan application sailed through the mortgage desk at Lehman Bros. Bank. And little
Housing fraud soaring After Ivan Eicher lost his job, he and his wife Delores fell several months behind on their house payments.Commentread more...
New rules to stop mortgage fraud (BBC News) New rules have come into force to help stop mortgage lenders becoming the victims of over-inflated property valuations.read more...
U.S. Treasury Bond Forecasters, Wrong on Yields Last Year, Blow It Again John Ryding has a story on bond yields, and he's sticking to it. Bear, Stearns & Co.'s chief U.S. economist forecast in January that the 10-year Treasury note yield, then
Beware US Stocks: The Negatives Have Fallen Into Place GMO 's letters to clients are important reading for money managers: Jeremy Grantham's focus on long term investing, asset allocation and valuation gives him broad perspective, and his track record