Types Of Bankruptcy

Home-Price Growth Slow in First Quarter    The rate of increase in U.S. home prices remained slow in the first quarter of the year, marking the slowest growth pace in a decade and extending a trend


Globes [online] - First International Mortgage Bank?s profit down 30.6% in Q2 (Globes Online)  The net profit of First International Bank of Israel (TASE: FTIN1;FTIN5) subsidiary First International Mortgage Bank fell 30.6% to NIS 12 million in the second quarter of 2005. First International


Mortgage loan production office opens (Hammond Daily Star)  PONCHATOULA - The board of directors and staff of American Bank & Trust Co. Inc. of Covington announce the grand opening of their mortgage loan production office at 1180 Hwy.


Freddie Tightens Mortgage Buying  Freddie Mac said it won't purchase subprime mortgages secured by properties in New York state with note dates on or after Sept. 1.read more...


Fed chief faces his first crisis  "The argument is, people did risky things" NEW YORK: Should the Federal Reserve help bail out billionaire hedge fund managers and millionaire traders - the very people who bought


Mortgage delinquencies soar in storms' wake (Sun-Sentinel)  A strong economy helped buffer the nation's homeowners from the financial shock waves of Hurricane Katrina, but mortgage delinquencies jumped in Louisiana and Mississippi during the third quarter because of

August 20th, 2006

Option ARMs Remain Popular Despite Risks and Higher Rates

Lenders are continuing to issue large numbers of option adjustable-rate mortgages in spite of regulators’ concerns. Borrowers have been attracted to these loans because of their low introductory rates, which have run as little as 1%.

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