Clampdown on sub-prime mortgage lending (Reuters.co.uk) LONDON (Reuters) - Four sub-prime mortgage brokers have been referred to the financial watchdog's enforcement division, after an investigation uncovered mis-selling.read more...
Stocks Fall on Worries About Rates A surprising surge in new jobs and wages sent stock and Treasury prices falling Friday as investors saw their hopes for an interest rate cut dwindle.Commentread more...
Coming up in the foreclosure series Though the state has laws against 'predatory lending,' many of those loans made before the laws were passed are still out there.via
Countrywide June Mortgage Activity Falls (AP via Yahoo! Finance) Countrywide Financial Corp., which originates and invests in home loans, said Thursday that June mortgage loan fundings and application activity fell from a year ago, reflecting a wider slowdown
Nick the Webguy: Real Estate Websites Well, we're in a bad economy right now. One of the things that's being affected by that is the real estate market.read more...
WaMu Calls for Mortgage Disclosure (WallStreet Journal via Yahoo! Finance) Washington Mutual is asking mortgage brokers to provide more information to borrowers amid criticism that poor disclosures have led many borrowers to take out loans they couldn't afford.read more...
WASHINGTON (AP) – Rates on 30-year mortgages edged down this week to a seven-month low. Mortgage-giant Freddie Mac reported that 30-year, fixed-rate mortgages fell to 6.30 percent, down slightly from 6.31 percent last week.
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