Durham couple convicted of lending fraud
Federal prosecutors have convicted a Durham couple on charges that they bilked lenders and a government housing program out of $1 million.
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Experts: Real Estate Market Boom To Continue Housing prices in the District and surrounding suburbs have roughly doubled in the past four years, and prices have risen so rapidly that buyers and sellers are wondering whether the
Housing starts to cool as mortgage costs rise, demand slips (The Globe and Mail) OTTAWA ? Housing starts will take a dip in nine out of 10 provinces this year and will continue to fall throughout Canada next year, Canada Mortgage and Housing Corporation
Mortgage bankers, bank branches surrender licenses (Newsday) At least 56 mortgage bankers gave up their New York licenses last year, more than double the 22 in 2006, and almost 700 branch licenses were surrendered, compared to 256
Stocks Soar on Fed Comments on Economy Wall Street rallied sharply Wednesday after an economic assessment by the Federal Reserve ignited investor hopes that the central bank has warmed to the idea of lowering short-term interest rates.Commentread
40-year mortgage is a risky move You might save a hundred a month over those decades, but you'll build equity at a snail's pace.read more...
Lenders Prepare for Mortgage Discharge Law (Banker & Tradesman) By Andrea Gregory A new Massachusetts law that went into effect on July 1 is expected to streamline mortgage originations, eliminating numerous disclosures that previously had been required of banks