FHA reform would help low-budget homebuyers Moderate-income homebuyers got a big boost from Congress at the end of July, when the House voted 415-7 to approve a bill revitalizing the federal government's biggest mortgage program -
Survey plan forced on house sellers The Executive's Housing Bill , which includes a commitment to single seller surveys, was passed by MSPs and will become law early next year.read more...
The City Of Temecula Building & Safety Presents - Code Corner' This is the first in a series of the Temecula Building & Safety Departments Code Corner.read more...
Partner's Inheritance Saved The New Jersey Supreme Court has ruled that the will of Theodore M. Payne, who died in 2002, should be interpreted to require his estate to pay off the mortgage
30-year mortgage rates hit highest level since June '04 (Salt Lake Tribune) WASHINGTON - Rates on 30-year mortgages climbed to the highest level in 16 months last week, marking the fourth-straight week they have been above the 6 percent level.
Paulson Says U.S. May Expand Mortgage Aid (NYTimes.com via Yahoo! Finance) The Treasury secretary said the administration was in talks with the mortgage industry to expand a program that freezes adjustable rate mortgages for 5 years to include borrowers of
The turn of the year seemed to point to the continuing dominance of fixed rate mortgages. At one point, organisations such as the Council of Mortgage Lenders (CML) were indicating over 60 per cent of monthly approvals were for fixed products.
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