Report says Georgia leads nation in interest-only loans
More Georgians are opting to delay paying principal on their mortgages in exchange for lower monthly payments, making the state a national leader in interest-only home loans, a survey says.
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Realtors urge lifting Freddie, Fannie Caps "OFHEO is working closely with Fannie and Freddie to ensure that the [conforming loan limit] increase is implemented quickly and as safely and soundly as possible" Lockhart reiterated the
Mortgage delinquencies seen rising in 2006 (MSNBC) Mortgage delinquencies among homeowners with high-cost loans will rise by 10 to 15 percent in 2006, as borrowers struggle with higher interest rates, high debt levels and higher energy costs
Group predicts record residential mortgage market (BizJournals) Of special interest to real estate boomtown Tampa Bay area: The Mortgage Bankers Association (MBA) has predicted total residential mortgage production this year to be $2.74 trillion, the third-biggest year
Home building dips a bit "The numbers are beginning to stabilize and show some signs of resiliency in the sense that they're not going up and down wildly" Residential construction activity in the Twin
Homes Go Unsold in January read more...
Mortgage groups blast parts of Senate housing bill (AP via Yahoo! Finance) Mortgage industry and business groups are urging lawmakers to drop pieces of a housing bill they say would be too restrictive on lenders.read more...