Put a Lid on Rising Mortgage Payments (Derby Daily Reporter)
(ARA) – Do you have a balloon mortgage that is coming due or an adjustable rate mortgage payment that has been steadily creeping up as interest rates change?
read more…
Mortgage giants avert potential disaster A potential financial disaster that could have shaken the housing market was averted because regulators discovered accounting failures at Fannie Mae and Freddie Mac, the new head of the agency
British House-Price Growth Declines Annual house-price growth has slowed to its lowest level in nine years, a major mortgage lender said Thursday.read more...
SEC Investigating Mortgage Firm in Orange (Los Angeles Times) Federal securities regulators are investigating an Orange County mortgage brokerage that is seeking bankruptcy protection after revealing that its former investment manager made "unauthorized withdrawals" of $8 million.read more...
30-Year Mortgage Rates Rise to 6.10% Rates on 30-year mortgages rose this week to the highest level in 15 months while one-year adjustable rate mortgages climbed to the highest level in 4 1/2 years. Analysts
Neat Freak Throws in the Towel, Tries to Hire Housecleaners Our columnist finally decided to outsource her housekeeping, weary of weekends of household chores. But the experiment didn't go the way she'd hoped.read more...
Citigroup is said to bid for Chinese bank stake SHANGHAI Citigroup is said to bid for Chinese bank stake A consortium led by Citigroup has bid 24.1 billion yuan, or $2.97 billion, for a stake in China's Guangdong Development