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CEO Says Wachovia Well Positioned For Rough 2008  "I think the rating agencies did a very poor job in rating those mortgage-backed securities" As brutal year in the financial services industry comes to a close, Ken Thompson


BBVA launches new mortgage for young consumers (Banking Business Review)  Banking group BBVA has launched the first mortgage for the young in the Spanish market that will reward the borrower with 1% of the loan upon signing the mortgage agreement.read


UPI NewsTrack Business April 25, 2006  U.S. stocks fell Tuesday, along with the dollar and Treasuries, which plummeted on strong consumer confidence and existing home sales news.read more...


ADV: Mortgage Rates as Low as 2.9%  Up to four free quotes. Compare rates and choose the best offer! Refinance and save. No obligation. Bad credit OK!.via


Weatherburn Opening Benefits Yellow Brick Road  "When you're thinking outside the box" Lexington developer Jeb Brown has been very busy creating a non-traditional approach to customized homes. via Rockbridge Weekly read more...


Fair lending is Goode's 'reparations' goal (Reg Req'd)  Last week, City Councilman Wilson Goode Jr. introduced a bill that in one fell swoop pulled together a volatile mixture of banks that hold city deposits, their past profits from

September 10th, 2006

Confused by all the Mortgage Options? Here’s Help (Ionia Sentinel-Standard)

(ARA) – Fixed rate. Adjustable rate. Interest Only. Flex. All of the different types of home loans that are available these days can puzzle many homebuyers. But, say mortgage experts, virtually every home loan is one of two types: a fixed rate loan or an adjustable rate loan.

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