VTB set to raise mortgage portfolio to $1.5-bln by late 2007 (Russian Information Agency Novosti) MOSCOW, July 19 (RIA Novosti) - Vneshtorgbank (VTB), Russia's state-run foreign trade bank, said Wednesday it intended to increase its mortgage portfolio to $600 million by the end of 2006
California Mortgage Default Notices Surge (KSBW Salinas) A new report about California home loans shows mortgage defaults rose to a 15-year high in the state during the fourth quarter of 2007.read more...
How high will hybrid mortgage go? (San Francisco Chronicle) Q: I have a hybrid mortgage that is fixed for the first five years at 4.25 percent, and is tied to U.S. Treasury securities. The loan document notes that the
Dow Takes a Dive Wall Street suffered one of its worst losses of 2007 Thursday, leading a global stock market plunge as investors succumbed to months of worry about the mortgage and corporate lending
Who Wants to Be a Millionaire? Paul W. Schenkel has been accused of trying to blackmail his employer. The alleged extortion of Mortgage Lenders Network USA began innocently enough.read more...
Fed's Yellen ponders effects of housing slump A 25% slump in house prices would wipe out $4.5 trillion of household wealth but wouldn't be as damaging as the Internet bust, according to Janet Yellen, president of the
If you’re in the market for a new home and your credit score is marginal, your mortgage insurance rate might be hundreds of dollars higher per month than you expect.
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