Real estate predictions: Gazing into 2006
Residential real estate was front-page news in 2005, with stories of rapid price increases, bidding wars and speculation about a “bubble” deflating prices in some areas.
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Net Worth: Coping with the mortgage meltdown (San Francisco Chronicle) The mortgage meltdown hit consumers square in the face last week. Investors essentially stopped buying nonconforming mortgages - those not guaranteed by agencies such as Fannie Mae and Freddie Mac
Dime Bank Approves $1.2 Million Loan For Otis Expansion The Dime Bank has approved a $1.2 million mortgage for Otis Library to help the library satisfy a state requirement that it secure all funding for its $9.5 million expansion
Citigroup chief quits after big mortgage-linked losses (Seattle Post-Intelligencer) NEW YORK -- Charles Prince, the chairman and chief executive of Citigroup Inc., resigned Sunday amid billions of dollars in losses from bad investments in mortgage-related debt.read more...
Mortgage foreclose rate spiking (The Providence Journal) WASHINGTON -- Home-mortgage foreclosures climbed in the spring to the highest in just over a year as higher interest rates and energy prices made monthly payments harder.read more...
Advantage Credit Forms Mortgage Fraud Awareness Partnership (PR Web) Advantage Credit International partners with Mortgage Fraud Awareness, LLC, a mortgage fraud consulting firm headed by nationally known expert and lecturer on mortgage fraud, Kevin Barnes. For more than three
Once Ranked Prime, Now They're Pinched Call it the credit risk hangover after the housing boom binge. Home buyers and refinancers who cannot come up with sizable down payments and whose FICO credit scores are