Scot Wids launches offset mortgage (Money Marketing Online)
Scottish Widows Bank has launched a two year fixed rate offset mortgage product enabling customers to offset against a fixed rate until October 31 2008.
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George F. Will: Housing prices must hit bottom, and the sooner, the better "Property sales pick up as prices plummet." Now, getting to the right of an administration that has increased federal spending twice as fast as did her husband's administration is
Woman's mortgage piles debt upon debt (Akron Beacon Journal) To understand what some homeowners in mortgage trouble face, talk to Barbara Fongheiser. She's 60 years old and works two jobs, earning about $30,000 a year.read more...
Credit-Ratings Firms and the Mortgage Monster (NPR) Fortune magazine Editor-at-Large Bethany McLean talks with Robert Siegel about credit-ratings firms and the mortgage-backed security monster they've helped create.read more...
Insurance surcharge for homeowners More than 140-thousand area homeowners will have to pay a 6-point-8 percent surcharge for their homeowners insurance.via
Lenders face challenges as mortgage rates reset this summer (Austin American-Statesman) The number of homeowners facing an increase in their subprime adjustable-rate mortgage payments will peak this summer, testing the efforts of lenders to keep those people out of foreclosure and