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African-Americans Face Lending Disparity  OBSERVER INVESTIGATION PART ONE OF THREE: Blacks who bought homes in communities across America last year were four times as likely as whites to get high interest rates for mortgage


George Will: Beware of moral hazards in U.S. economics  "BANKERS CONFER WITH MR. MORGAN 4 O'Clock" EXACTLY a century ago, panic seized financial markets. The collateral for perhaps half the bank loans in New York was securities whose


How to cross the mortgage minefield (Lexington Herald-Leader)  Decided to buy a house? Now the challenge becomes finding an affordable mortgage. What's best for you? Conventional? No money down? Adjusted-rate mortgage? Interest only?read more...


City Sought to Extend Boundaries for First Time  via


U.S. Homesales Near Record Level  Sales of existing U.S. homes were at their second highest pace on record last month as low interest rates helped spur demand.via


Bernanke Urges Limits on Mortgage Holdings (Washington Post)  WASHINGTON -- Ben Bernanke, the nominee to become the next chairman of the Federal Reserve, said Congress should limit the massive holdings of mortgage giants Fannie Mae and Freddie Mac

August 31st, 2006

Housing Slump Solution

A positive angle to the current downturn in home sales: A housing slump fit for St.

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