Government appoints head of mortgage finance working group (Reuters via Yahoo! UK & Ireland News) The government will appoint former HBOS chief executive Sir James Crosby on Wednesday to head a working group on ways to improve the functioning of the country's mortgage markets.read more...
BoE: Loans for home purchases down 70% The mortgage squeeze on the property market has tightened further with official figures showing loans for home purchase diving almost 70% year-on-year in June.read more...
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Property flips targeted in HUD real estate sales Audit shows investors abuse preforeclosure program Rachel Dollar, The Dollar Law Firm The U.S. Department of Housing and Urban Development needs to crack down on investors who are abusing a
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Signs of the Times Point to Confusion at Almost Every Turn Why are highway signs, presumably designed to lead you to your destination, sometimes poorly placed, occasionally difficult to read, and often confusing and misleading? Who decides on the information
If you want to understand just how toxic a home mortgage can get, consider this real-life, ongoing saga: Katherine Stephens is a 94-year-old widow, now living in a nursing home in southern New Jersey. According to her nephew, William Finch, she has $38 in her bank account. Monthly Social Security checks pay only a small portion of her nursing home bills.
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