ARMs Hit Borrowers in the Ozarks
The interest rates that fueled the housing boom could hit homeowners hard. The Federal Reserve raised interest rates for the fifteenth time since June 2004.
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LDS Business College embarks on its move to the Triad Center Movers pack paintings and furnishings into boxes in the main lobby of the LDS Business College in preparation for the school's move from the historic South Temple mansion to the
Amid mortgage crisis, pets find Safe Haven at shelters (Dayton Daily News) The mortgage crisis has claimed many homes across the Miami Valley, but animal shelters and humane societies are offering hope to people in danger of permanently losing pets.read more...
Washington Mutual cuts subprime jobs, adds more mortgage sellers in branches (AP via Yahoo! Finance) Thrift bank Washington Mutual Inc. said Thursday it will cut 1,000 jobs, eliminating its sales force dedicated to mortgage borrowers with questionable credit and slashing some of its wholesale
Mortgage rate lowest since early April (Tulsa World) The nation's benchmark mortgage rate has fallen for the seventh time in eight weeks, hitting its lowest level since early April.read more...
Bonuses prove costly A little-known reward for brokers who arrange home loans at high interest rates is drawing scrutiny from law-enforcement authorities, who say these bonuses can cost unwitting homeowners thousands of dollars
18% fall seen in '08 mortgage originations (Seattle Times) The nation's more than $2 trillion home-mortgage business won't halt its slide anytime soon, with mortgage originations expected to fall...read more...