Is a 52-year mortgage a wise idea? (Reuters via Yahoo! UK & Ireland News)
Gone are the days of the maximum 25-year mortgage; these days homeowners can repay their home loan over as much as 52 years.
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Mortgage delinquencies spreading: AIG (Reuters via Yahoo! News) Residential mortgage delinquencies and defaults are becoming more common among borrowers in the category just above subprime, American International Group said on Thursday.read more...
Figures in Met Mortgage scandal settle with SEC (The Olympian) Several key figures in the Metropolitan Mortgage & Securities Co. accounting scandal have agreed to settle lawsuits filed by the U.S. Securities and Exchange Commission.read more...
U.S. mortgage rates continue uphill climb Mortgage climbed to their highest level in more than 31/2 years this week, with the benchmark 30-year loan averaging just short of 6.5%, Freddie Mac said Thursday.read more...
Speculators on an E-Ticket Ride of Blind Faith Ben Jones' Housing Bubble blog has an amazing piece about a couple of speculators making a living off their home appreciation, but with no other sources of income.read more...
(AFX UK Focus) 2007-09-27 09:50 GMT: UK Aug mortgage approvals slow to 61,051 vs 66,965 July - BBA (Interactive Investor) LONDON (Thomson Financial) - Mortgage approvals for house purchases dropped in August, both in number and in value, according to figures from a leading group of banks.read more...
Developers Duel for Right to Herndon Site Two local developers are competing for the rights to develop a key site in Herndon's sleepy downtown into something more vibrant. read more...