Sales of Existing Homes Hit All-Time High
Existing homes were sold in April at the fastest pace in history as the nation’s red-hot housing market just kept getting hotter.
via
Mortgage Losses Cripple Cleveland-Based Bank (NPR) National City, a major regional bank with headquarters in Cleveland, has been struggling with subprime mortgage losses. On Monday, the bank announced a huge capital infusion and watched its already
Mortgage forgiven for woman, 90, who shot herself (The Charlotte Observer) Mortgage finance company Fannie Mae said it is forgiving the mortgage debt of a 90-year-old woman who shot herself in the chest as sheriff's deputies attempted to evict her. Addie
U.S. rates on 30-year mortgages drop to lowest level in 6 weeks All types of U.S. mortgage rates tracked by Freddie Mac declined this week while rates on 30-year mortgages fell to the lowest level in six weeks.Commentread more...
Ex-mortgage lender pleads guilty to theft (The Intelligencer) A former Bucks County attorney recently admitted in Delaware County Court that he used his latest job as a mortgage lender to steal from his clients.read more...
A Broad Sell-Off on Worries About Slower Growth This year's gain for the Standard & Poor's 500-stock index was erased yesterday, as a drop in confidence among home builders and a Federal Reserve official's comments pointed to slower
Mortgage repayment plans get careful (Turks.US) Minister of Finance, Michael Cullen, has announced that savers will be able to divert half of their KiwiSaver contributions to mortgage repayments.read more...