House price millionaires
The number of property millionaires has risen almost 14 times over the past decade as house prices have soared to levels that many fear are unsustainable.
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Mortgage ads under FTC scrutiny (Pittsburgh Post-Gazette) The Federal Trade Commission has issued a warning about "potentially deceptive" advertisements for low-cost mortgages, saying consumers could be duped and mortgage companies might be breaking the ...read more...
Nomura to exit US mortgage business, cut 400 jobs (Reuters via Yahoo! Singapore News) TOKYO, Oct 15 - Nomura Holdings , Japan's largest brokerage, said on Monday it would pull out of the U.S. residential mortgage-backed securities market and cut its U.S. work force
Proposals on Servicers Are Only a First Step In my last two articles, I examined the Federal Reserve Board's proposals for tightening mortgage underwriting requirements and for limiting mortgage broker charges to borrowers. These are long-standing regulatory concerns.read
Mortgages fuel surge in supply of money BRITAIN'S money supply is growing at its fastest rate for 16 years, the Bank of England revealed, as mortgage approvals return to boom levels and consumers start to borrow more
Don't keep passing the buck, guv Some people are up in arms that Gov. Rod Blagojevich won't answer questions about the latest scandal plaguing his administration.via
Last chance to cut your 2005 taxes Yesterday was Christmas. The end of this year and the beginning of the New Year is almost here.read more...