Home loan standards are stricter Call it the credit risk hangover following the housing boom binge: Homebuyers and refinancers who can't come up with sizable down payments, and whose FICO credit scores are below
Mortgage Rates: Lock In or Float? (TheStreet.com) With the recent volatility in mortgage rates, it's difficult to know whether to sit tight or lock in a new rate when shopping for a new mortgage.read more...
W.Va. announces settlement with mortgage service companies (KGBT 4 Rio Grande Valley) CHARLESTON, W.Va. Two mortgage servicing companies accused of charging illegal fees have agreed to forgive nearly eleven (M) million dollars in debt. The companies also will give 773-thousand dollars in
A 'Silent' Menace The term "silent second" is used to describe self-serving or perhaps fraudulent schemes by which house sellers accept second mortgages as part of a sales transaction without the full
Katrina flight means boom for Baton Rouge newspaper Influx of evacuees means new readers, advertising targets Seth Sutel AP Business Writer As the streets of Baton Rouge swell with thousands of people displaced by Hurricane Katrina, so too
Interest rates slashed to 5% The Reserve Bank today pushed official interest rates to their lowest level in five years, slashing them by a remarkable 1.5 percentage points to 5%. The central bank presented a
Homebuyers face being crippled by their mortgage repayments as Britain’s biggest lenders axe their cheap deals, experts warned. Both Halifax and Alliance & Leicester have scrapped their best fixed rate mortgages
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