Home mortgage rates to jump for one in eight (San Jose Mercury News)
About one in eight U.S. mortgage borrowers ``will get tested’’ by upcoming jumps in their monthly house payments, an industry economist said last month.
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'Liar loans' threaten to prolong mortgage crisis (Washington Post) -- In the mortgage industry, they are called "liar loans" _ mortgages approved without requiring proof of the borrower's income or assets. The worst of them earn the nickname "ninja
How to avoid mortgage default (The Sacramento Bee) Trouble begins with a slow-motion descent toward your first missed mortgage payment. It's a queasy feeling thousands of Sacramento-area homeowners know too well as their houses slip away.read more...
Fewer New-Home Sales, But Median Price Rises The number of new homes sold declined at an annual rate of 3.2% in October, but the median price increased to $248,500. The sales numbers were worse than what Wall
Don't Expect Your Heating Bill To Drop When Gas Prices Fall Lower natural-gas commodity prices might not translate into a break for consumers. It could be months before many homeowners see charges decline even slightly, if at all.read more...
Hecklers Have Mortgage Bankers Longing for Old Days (New York Times) It was just another business-as-usual day at the annual convention of the nation?s mortgage bankers: a few panels, a few presentations and an attempted abduction of Karl Rove.read more...
Renting a house Hello Mr & Mrs. Russell, I hope you had a Happy Holiday, I received your application and deposit.read more...