U.S. 30-year mortgage rates highest since July (Reuters via Yahoo! News) Mortgage rates extended their climb for the fifth straight week, skyrocketing to highs not seen in nearly a year, according to a weekly survey released by finance company Freddie
Government shuts down mortgage lender IndyMac (Fort Worth Star-Telegram) By ALEX VEIGA IndyMac Bank's assets were seized by federal regulators on Friday after the mortgage lender succumbed to the pressures of tighter credit, tumbling home prices and rising
Gov't tries to contain mortgage crisis (The San Luis Obispo Tribune) After a slow and stumbling start, official Washington is scrambling to try to prevent the unfolding mortgage crisis from pushing the country into recession during an election year. There is
Lehman Has Plan for Real-Estate Loans Lehman is nearing a plan that will allow it to offload billions of dollars in real-estate loans from its books.read more...
There's Just No Place to Store Things read more...
Mortgage rates continue to slip (CNN Money) Mortgage rates eased in response to the Federal Reserve's decision to cut interest rates, Freddie Mac reported Thursday.read more...
A Sacramento area man was arraigned today on charges stemming from an elaborate reverse mortgage scam in which an elderly woman lost more than $40,000. Michael Morales, 47, was officially charged with theft …
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