Treasury looks at mortgage-related debt (AP via Yahoo! News) The Treasury Department is tightening its process for approving the millions of dollars of mortgage-related debt issued by Fannie Mae and Freddie Mac, a change that could take effect
Historic house available for $1 (Reg Req'd) In a town that values its historic preservation, city leaders are offering to sell a 100-year-old house for $1. There's a catch: They want the structure removed from a lot
Economic gains boost 30-year mortgages (Reg Req'd) Rates on 30-year mortgages, after falling for five straight weeks, edged up a bit last week, reflecting in part indications that the recent economic slowdown would be short-lived. Mortgage giant
No Bankruptcy Relief for Katrina Victims Survivors of Hurricane Katrina who were hoping to avoid the weight of the new bankruptcy law may be out of luck.read more...
Want to buy a home? Good luck (Reg Req'd) Buyers are gobbling up Portland-area houses so fast that at current rates they could consume every home for sale in 1.8 months.via
Dollar amounts no longer make sense in the current economic climate There’s an old saying attributed to Everett Dirksen, the senator from Illinois who dotted his speeches with colorful rants against government borrowing.A billion here, a billion there, and pretty soon
A Cincinnati mortgage broker has pleaded guilty in U.S. District Court to bank fraud, conspiracy and income-tax evasion charges in the ongoing federal probe of fraud in the buying and selling of low-priced homes.
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