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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Program offers grants to those behind on mortgage payments (The Arizona Republic) A new program offers grants of up to $5,000 to help people bring their mortgage current.read more...
Beijing involved in land 'bubble' China is in the grips of a rapidly expanding property bubble. Prices are up 12.5 percent in the first quarter compared with a year earlier.via
Mortgage war hits bank profits (Stuff) The recent mortgage interest rate war has hit big banks in their back pockets with lower profit margins on home lending, the latest Massey University study shows.read more...
Study of Reverse Mortgage Patterns Will Help Ginnie Mae Market New Securities (Senior Journal) May 18, 2007 ? A study of the timing of reverse mortgage terminations has been completed that provides the information necessary for Ginnie Mae (Government National Mortgage Association) to issue
Millennium Bankshares shutting down mortgage business (bizjournals.com via Yahoo! Finance) Millennium Bankshares will wind down its mortgage banking business to focus solely on core banking services, the company announced Thursday.read more...
Project Meets With Resistance read more...