Big Banks Owe City For Maintaining Vacant Homes
Some of the world’s biggest banks are accused of owing the nation’s poorest big city money for upkeep on vacant houses, a newspaper reported Monday.
Comment
read more…
Tax Swap Battle Brewing Across Fla. read more...
Calif.'s housing bubble is built on risky loans Turns out that we old fogies in California have been asking the wrong question as we look, aghast, at what's become of housing prices.read more...
Democrats prod Bush on mortgage crisis (Los Angeles Times) As Congress prepares to return from recess, lawmakers renew their calls for aggressive federal intervention to help homeowners. As the economic downturn deepens, congressional Democrats are turning
Mortgage Rates Hit 11-Week High (WSB-TV 2 Atlanta) The average rate for a 30-year mortgage begins to creep up as the industry faces uncertain times.read more...
Greenspan Renews Mortgage Giant Concerns (AP via Yahoo! News) The multibillion-dollar holdings of mortgage giants Fannie Mae and Freddie Mac need to be reduced because their huge debt raises a potential danger to the U.S. financial system, Federal
Mortgage rates creep higher (CNN Money) Mortgage rates crept higher this past week, with long-term rates seen moving up if the Federal Reserve continues to raise the overnight bank lending rate, Freddie Mac said Thursday.read more...