Mortgage payback will be $325 million (Kansas City Star)
Thousands of Missouri and Kansas borrowers could receive refunds from Ameriquest Mortgage Co. following a $325 million settlement of predatory lending allegations.
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First-time buyers find tough times (Reg Req'd) The Associated Press reports that the average age of first-time home buyers has climbed from 29 to 33 in the last decade.via
New Orleans' poor shut out of business loans to rebuild city Having bad credit can be crippling if you're poor and your most important asset -- your home -- is made unlivable by a natural disaster.read more...
Yorktown contractor pleads guilty to bilking customers A Yorktown home-improvement contractor has admitted bilking two customers out of nearly $140,000 by keeping payments and doing no work on their homes.read more...
Tokyo stocks open lower on concerns over US mortgage crisis (EARTHtimes.org) Tokyo - Tokyo stocks continued to lose Monday morning due to lingering concerns over the US subprime mortgage crisis. The 225-issue Nikkei Stock Average fell 154.84 points, or 0.94 per
Connecticut mortgage firm bringing 650 jobs to north Valley (The Business Journal of Phoenix) Mortgage Lenders Network USA Inc. Thursday announced plans to bring 650 jobs to north Phoenix over the next three years.read more...
Nothing wrong with buying home, selling fast Are you a real-estate flipper or a keeper? Most home buyers are keepers, owning their houses and condos for five years or longer.Commentread more...