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Beazer to Restate Results After Mortgage Unit Probe (Update1) (Bloomberg.com)  Oct. 11 (Bloomberg) -- Beazer Homes USA Inc., the homebuilder under investigation by the Securities and Exchange Commission, will restate earnings for nine years after an internal probe found evidence


Survive the stock market: how to find a good mortgage (Daily Telegraph)  You'll have to move quickly if you want a good deal on a mortgage, suggests Myra Butterworth.read more...


When the Flock Alights at Your Empty Nest    Washington writer and poet Judith Viorst named her classic children's books "Alexander and the Terrible, Horrible, No Good, Very Bad Day" and "Alexander, Who's Not (Do You Hear Me?


Firm to bring 450 jobs to Panhandle  A mortgage services firm will bring 450 jobs to Lancaster County within the next year, and that's just the start.via


U.S. Mortgage Rates Will Tumble to Four-Decade Low (Update2) (Bloomberg.com)  March 3 (Bloomberg) -- Freddie Mac, the world's second- largest mortgage buyer, said the average U.S. fixed mortgage rate in 2008 probably will tumble more than three-quarters of a percentage


Affordable housing harder to find after storm  Susan Stabley As if finding inexpensive housing in South Florida isn't already hard enough, it's about to get worse.read more...

September 21st, 2006

‘Hard’ and ’soft’ mortgage prepayment penalties (Reno Gazette-Journal)

DEAR BOB: When we refinanced our home, we told the mortgage broker we didn’t want a prepayment penalty because we planned to sell within a year or so. But at the mortgage closing, there was a prepayment penalty in the documents. The mortgage broker assured us the prepayment penalty wouldn’t apply unless we refinanced. He said this was a “soft prepayment penalty.” So we signed. However, now that

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