New Century Shares Rebound, Leading Mortgage Lenders Higher (Bloomberg.com) March 6 (Bloomberg) -- Shares of New Century Financial Corp. and other mortgage lenders snapped back today, with the Irvine, California-based lender recovering some of the 69 percent loss it
Lawyer Admits Fraud Scheme read more...
'Think carefully about taking out a mortgage' says regulator (Daily Mail) Mortgage lenders are giving poor advice to homebuyers, raising fears of a fresh mis-selling scandal, financial watchdogs have warned. Britain's biggest and most powerful financial regulator said it had uncovered
Save by waiting out mortgage penalty Timing can be everything when it comes to prepaying a mortgage, says Dr. Don Taylor.read more...
Quarles sees no foreign flight from Treasuries Aggressive foreign diversification away from U.S. Treasury securities is "fairly implausible," although foreign holdings of Treasuries could shift over time, a senior Treasury official said on Tuesday.read more...
Martha Stewart has new designs NEW YORK - Martha Stewart Living Omnimedia Inc. on Thursday said it will design a line of upscale home merchandise for Federated Department Stores Inc., operator of the Macy's and
Those struggling to afford a home may be wondering how long their mortgage payments can be stretched out. The new answer: a half-century. A handful of lenders have begun offering 50-year adjustable-rate loans to buyers who need to keep payments low in the face of record home prices and rising rates.
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