Foreclosures more likely, report warns
As many as 2.2 million Americans with subpar credit could lose their homes through foreclosure over the next several years, a new report said.
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Hochfelder Accused of Larceny in Deals New York real-estate investor Adam Hochfelder has been arrested for allegedly "stealing more than $17 million from a panoply of banks and individuals."read more...
Michigan Assn. of Realtors and Chamber of Commerce Fight Proposal for $1.4 Billion Tax Increase Michigan Assn. of Realtors and Chamber of Commerce Fight Proposal for $1.4 Billion Tax Increase RISMEDIA, March 14, 2007-The Michigan Association of REALTORS and the Michigan Chamber of Commerce unveiled
Bellevue man sentenced to four years for bilking mortgage firm (Seattle Post-Intelligencer) A Bellevue man and a Texas attorney were sentenced to four years in federal prison Friday for bilking millions from a mortgage company during a long-running fraud.read more...
Mortgage brokers are in Congress' sights (Centre Daily Times) Mortgage brokers, who originate up to two-thirds of home loans, have exploited their lack of federal regulation to loosen lending standards in ways that sparked today's high mortgage-default rates among
U.S. mortgage woes hit GMAC (The Globe and Mail) NEW YORK ? GMAC Financial Services on Tuesday reported a loss during the fourth quarter as homeowners struggled to keep up with mortgage payments. GMAC Financial Services lost $724-million (U.S.)
Some refinance to avoid risk of adjustable-rate mortgages Lawrence Jones knew he was taking a chance on interest rates when he agreed to an adjustable-rate mortgage in 2002.Commentread more...