Lawmaker Promises Fair Judgment read more...
Outlook for holiday season grows more uncertain in aftermath of Katrina NEW YORK ---- Before Hurricane Katrina devastated the Gulf Coast, the outlook for the holiday shopping season was already uncertain as consumers tried to fit higher gasoline prices into their
Mortgage rates barely budge (bizjournals.com via Yahoo! Finance) Mortgage rates weren't expected to rise much this year, and they haven't.read more...
Mortgage bankers and brokers trade barbs (Sharewatch) The head of the mortgage banking industry's trade group claimed brokers profited from a home loan boom but didn't do enough to examine whether borrowers could repay.read more...
Merrill Lynch to Post 3Q Loss Investment bank Merrill Lynch & Co. said Friday credit and mortgage woes will lead to it post a third-quarter loss, as it takes almost $5 billion in writedowns in
Reverse mortgage program set for seniors (The Des Moines Register) Wells Fargo Home Mortgage will hold a Senior Day event from 9 a.m. to noon Friday at Wells Fargo Bank, 910 E. First St. in Ankeny.read more...
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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