Mortgages: Mixed economic news keeps U.S. mortgage rates in check Mortgage interest rates changed little this week due to mixed news of higher inflation and a weaker housing market, Freddie Mac's chief economist said on Thursday. via MarketWatch read
Risky ARM Mortgages Come Due Thousands of people used non-traditional mortgages in the last two years to purchase a home, and now are facing higher mortgage payments as these ARMs begin to have higher interest
Buying Foreclosure Properties Has Its Rewards, but Also Risks Rising interest rates are sending more homeowners into foreclosure, prompting bargain-hunting investors to descend on courthouse auctions across the country. Some novices may be sorry they did.
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Westpac Banking's First-Half Profit Rises to a Record on Business Lending Westpac Banking Corp., Australia's fourth-largest bank, said first-half profit rose 8 percent to a record after it increased loans to companies investing in their businesses as the nation's exports surged.via
Budget Should Be Calculated on Total Build-Out read more...
Mortgage rejections set to soar (Guardian Unlimited) New restrictions on lending to high-risk customers could lead to a surge in the numbers of people seeing their mortgage applications turned down, new figures revealed today.read more...
ELEANOR HALL: The easy access to housing finance and aggressive marketing of loans in Australia over the past decade hasn’t just attracted home buyers. The money on offer has also become a target for sharks in the growing crime of mortgage fraud.
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