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Confused by all the Mortgage Options? Here's Help (Hornell Evening Tribune)  (ARA) - Fixed rate. Adjustable rate. Interest Only. Flex. All of the different types of home loans that are available these days can puzzle many homebuyers. But, say mortgage experts,


Bovale's E22m tops Revenue tax list  The Bovale home building company owned by brothers Michael and Tom Bailey has topped the latest quarterly list of tax defaulters from the Revenue with a settlement of 22m euro.read


Impac Mortgage refinances credit facility (AP via Yahoo! Finance)   Mortgage investor Impac Mortgage Holdings Inc. said Thursday it has refinanced an outstanding repurchase financing facility, replacing it with a term loan from UBS Real Estate Securities Inc.read more...


Investors now shouldering the risks for home mortgages  Thanks to the growing secondary market for home mortgages, much of the default risk has been transferred from banks, thrifts and other lenders to investors who buy loans or, more


Homeless group loses shelter  A small group of homeless men and women was spending last night under a section of Interstate 5 in downtown Seattle after their temporary shelter could no longer accommodate them.via


Provident Financial Holdings Appoints Senior Vice President -- Chief Lending Officer  "I am familiar with many financial institutions but few community banks are so well positioned to serve their customers, even fewer have been doing so for over 50 years."

June 9th, 2006

New Mortgages Worry Regulators

They are the new breed of mortgages, and home buyers in high-cost real estate markets can’t get enough of them: interest-only and payment-option plans that cut monthly payments sharply in the early years of a loan.

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