Enticing home buyers
Lexington home builders are taking a page from the car dealer’s playbook by offering discounts and incentives to pull hesitant buyers off the fence.
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Some worry mortgage defaults may hit car loans (Denver Post) Bonds backed by automobile loans may be hurt by rising subprime mortgage defaults as people with poor credit struggle with their household debt, according to Standard & Poor's.read more...
S&P Cuts $6.4BLN in Mortgage-Backed Debt (AP via Yahoo! Finance) Rating agency Standard & Poor's said late Thursday that it downgraded $6.39 billion of subprime residential mortgage-backed securities after warning earlier this week that cuts were coming.read more...
Picking between Roth IRA and 401(k) The choice between the two popular retirement vehicles hinges on whether you expect a higher tax bracket when you retire, says Dr. Don.read more...
Housing boom sees mortgage lending hit another record high (icWales) Rising house prices and a boom in demand during the early summer pushed mortgage lending to another record high yesterday.read more...
Subprime's paper trail proves to be an obstacle "It's typically done as a matter of cost efficiency, since for some extremely high percentage of mortgages there will never be any foreclosure activity, there's no legal need for the
New Mortgage Rescue Goes Beyond Subprime (ABC News) Lenders Offer Broader Mortgage Plan Extended to Borrowers of All Loans, Not Just Subprime read more...