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Coast Bank files suit against mortgage company (Bradenton Herald) After being hit with a barrage of lawsuits from angry borrowers and shareholders, Coast Bank of Florida has fired its own legal salvo against a mortgage company it says failed
Mortgage Rate Hits 4 Year High The nation's benchmark mortgage rate has reached its highest point in almost four years.read more...
Sen. Dodd to unveil mortgage-lending package (Market Watch) WASHINGTON (MarketWatch) -- Senate Banking Committee Chairman Christopher Dodd plans to offer legislation Tuesday that would establish new mortgage-lending standards while holding lenders and investors responsible for violations of the
Tax Code Changes Worry Realtors A new federal tax code proposal has the National Association of Realtors up in arms.read more...
Cost of construction materials drops slightly The cost of construction materials fell slightly in November, but don't expect that to continue, Ken Simonson, chief economist for the Associated General Contractors of America, said today.Commentread more...
Formerly Homeless Mortgage Executive Warns About Interest Rate Increases for Adjustable Rate Mortgage (ARM) Loan (PR Web) Over two trillion dollars in Adjustable Rate Mortgage (ARM) loans are set to start adjusting in the next two years. This means higher interest rates and higher mortgage payments for