Rates on 30-year mortgages edge up to highest level since spring 2002 Freddie Mac, the mortgage company, reported yesterday that rates on 30-year, fixed-rate mortgages increased to a nationwide average of 6.80 percent, up from 6.74 percent last week.read more...
Council holds off on Bridge View bids and 4-H park building proposal OTTUMWA - The two return items before the city council met similar fates Monday.via
Lawyer faces 65 years in prison for mortgage fraud (Norwalk Advocate) BRIDGEPORT - Wilton real estate attorney Joseph Kriz pleaded guilty Monday in U.S. District Court to three counts of fraud after taking part in a three-year mortgage fraud scheme.read more...
Battle over affordable housing continues PLATTSBURGH , Opponents of the Plattsburgh Townhouse project continued to lobby against the affordable-housing proposal at this week's Plattsburgh Town Council meeting.via
Ahead of the Bell: Mortgage Insurers (AP via Yahoo! Finance) A $1 billion partnership between two of the biggest mortgage insurers appears likely to be the next casualty of the collapse in the subprime mortgage market.read more...
An Appeal Coming in Mortgage Broker Mess Case A former mortgage broker sentenced to 12 years in federal prison for a scheme that cost customers millions will appeal his sentence.read more...
A month after Summit Financial Group, parent company of Loudoun National Bank, posted a 24 percent drop in third quarter income because of losses in its mortgage banking business, the West Virginia firm has decided to shut down or sell the unit.
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