Mixed economy puts mortgage rates in flux (Bankrate.com via Yahoo! Finance)
Ben Bernanke could not quite make mortgage rates tank in Bankrate’s survey: The benchmark 30-year fixed-rate mortgage rose to 6.89 percent.
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Bush to propose steps to deal with mortgage crisis (Reuters via Yahoo! News) President George W. Bush on Friday will propose a series of steps to address the mortgage crisis after weeks of turmoil in financial markets, the White House said.read more...
Pending Home Sales Index Slips, Remains High Says NAR The Pending Home Sales Index , based on data collected for July, slipped 1.0 percent to a reading of 125.1, but is 3.5 percent higher than July 2004.read more...
Beazer fires accounting exec amid mortgage probe (Atlanta Journal-Constitution) Atlanta-based Beazer Homes USA said it fired its chief accounting officer, Michael T. Rand, for attempting to destroy documents. The homebuilder, facing federal probes into its mortgage practices, disclosed the
Slowing Foreclosures May Mask Woes Recent declines in foreclosures might not be indicative of the crisis ebbing, but a result of new state and municipal laws that put a temporary moratorium on foreclosures.read more...
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Atlanta man gets 7 years in $112M mortgage scheme (Atlanta Journal-Constitution) An Atlanta man Thursday was sentenced to seven years in prison for his role in a mortgage fraud scheme that racked up $112 million in fraudulent loans. Leslie Rector, 35,