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'Piggyback' Loans Allowed by Freddie Fed Mortgage Risks (Washington Post)  For a glimpse of the risks that infected the mortgage business in recent years, consider a small slice of what happened at Freddie Mac, the giant home-loan investor chartered by


Concerned, Inc.'s building dedicated  On Tuesday, June 7, the staff and clients of Concerned, Inc. as well as many members of the community in Harlan celebrated the opening and dedication of their new building


With market up, foreclosures fall  Lew Carr reads the foreclosure list at the Wahoe County Courthouse on Nov. 16. About 15 people waited for a forecloser auction outside on the steps of the courthouse.read more...


SEC Ends Met Mortgage Stock Registration (WJLA-TV Washington D.C.)  Washington (AP) - Collapsed Metropolitan Mortgage & Securities Co., once a $2.7 billion conglomerate, has had its right to issue and trade stock terminated by the Securities and Exchange Commission,


Despite slings and arrows, Conservative Netivot Shalom builds its dream home  The edifice once housing Jay Vee Liquors, a fortified emporium of booze that no customer ever walked away from in a straight line, is now the first permanent home of


Home building costs soar  NEW home buyers in Australia will have to find at least $11,000 more to build a home than they did at the same time last year as building costs spiral.read

August 6th, 2006

Mortgage of the Week (Mortgage Introducer)

Northern Rock is offering a year fixed rate deal until 1 August 2008, at a rate of 4.79%, reverting to the standard variable rate for the remaining term of the mortgage, currently 6.59%. The overall cost for comparison is 6.5% APR. An Early Repayment Charge is payable if you repay all of the mortgage during the fixed rate period.

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