Former mortgage company controller admits to fraud (WDBJ 7 Roanoke)
RICHMOND, Va. The former controller of a Richmond mortgage company has pleaded guilty to defrauding his employer out of about two (m) million dollars over three years.
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Fannie Mae unveils new mortgage security product (bizjournals.com via Yahoo! Finance) Looking to attract new investment, Fannie Mae is whipping up a new mortgage-backed security designed to reduce some risk in owning the debt.read more...
Chase yield or stay home? As long as the deposit is covered by FDIC, location doesn't matter, Dr. Don says.read more...
China's central bank ups mortgage interest rates, downpayment for 2nd residential loans (AP via Yahoo! Malaysia News) China has raised mortgage interest rates and increased the downpayment needed for loans to finance purchases of second homes, the central bank said in a notice seen Friday.read more...
Why Galveston is Booming As a Gulf Coast Vacation Spot Despite erosion and hurricane risk the island has become one of the hottest second-home markets in the U.S. read more...
Designing a new business: Home store grows despite housing downturn Two years ago, Kate Barrette moved back to her hometown from Los Angeles. She had spent eight years as the director of retail sales for Rachel Ashwell Shabby Chic ,
State offers mortgage foreclosure counseling (The Indianapolis Star) State officials have launched a Web site and a telephone hotline to help Hoosiers who've fallen behind on their mortgage payments to avoid losing their homes.read more...