Mortgage Payment Reset?
The Saturday WSJ reports that “More than $2 trillion of U.S. mortgage debt, or about a quarter of all mortgage loans outstanding, comes up for interest-rate resets in 2006 and 2007, estimates Moody’s …
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German mortgage bank near bankruptcy: report (AFP via Yahoo! News) Germany's Hypo Real Estate, a mortgage bank, is on the brink of bankruptcy, the daily Financial Times Deutschland reported in an advance copy of its Monday edition.read more...
Bank raises mortgage limits (Detroit News) NEW YORK -- At least one U.S. mortgage bank is making it easier to get cheaper mortgages for more expensive homes and others may soon follow, pumping more money into
Get out of town - home prices cheaper there Eric and Amy Indermuehle eat lunch in their home Thursday in south Fort Collins.via
Macquarie Completes Biggest Australian Mortgage Bond in a Year (Bloomberg.com) July 14 (Bloomberg) -- Macquarie Group Ltd. , Australia's biggest investment bank, raised A$700 million ($677 million) in the nation's biggest sale of mortgage-backed bonds in a year.read more...
US announces plan to delay foreclosures "You are being considered for a loan modification, which is a change in the original terms of your mortgage contract. If you qualify, this could reduce your interest rate or
FBI Arrests 10 in Queens In Mortgage Fraud Scheme (The New York Sun) A new wave of mortgage fraud cases, in which brokers allegedly purchase identities from immigrants, has mortgage lenders taking a more proactive role in law enforcement, FBI officials said. Last