Senate defers action on mortgage bill (BizJournals)
Mortgage brokers in Hawaii have been handed a significant but maybe temporary victory by state lawmakers.
read more…
Fresh warnings on housing costs "The long-term rate of house building hasn't kept up with rising demand, causing long-term house prices to increase" The gap between incomes and house prices has grown rapidly The
Richard Gere Buys In Schnabel's Building The actor has purchased an apartment in New York City. Plus, rental-car billionaire Jack Taylor has bought a Palm Beach, Fla., home, and the price of a Montana ranch owned
Arranging a Reverse Mortgage (Washington Post) Q: DEAR BOB: I began getting Social Security last February and 15 months later I lost my job. A financial adviser suggests I take a reverse-mortgage lump sum and invest
Fannie, Freddie Aim to Slow Defaults Fannie Mae and Freddie Mac, trying to contain mortgage-default losses, are redoubling their efforts to prevent foreclosures. In some cases, though, the moves may only delay the inevitable.read more...
State mortgage fraud task force cites four local firms (Crane's Chicago Business) (Crain's) -- An ongoing state crackdown on mortgage fraud found four Chicago-area companies using unlicensed individuals to process loan documents, a violation of state law. The Mortgage Fraud Task Force,
Northern Rock scales mortgage market (The Herald) Shares in mortgage bank Northern Rock soared more than 4.5% yesterday as it reported a 14% increase in annual profits after the bank benefited from an increased slice of the