Mortgage Rates Drop for 1st Time in 5 Wks. Rates on 30-year mortgages declined this week for the first time in five weeks amid expectations that the Federal Reserve won't push interest rates much higher.read more...
Paulson Hedge Funds Cut Subprime-Mortgage Bets, Extend Gains (Bloomberg.com) Nov. 1 (Bloomberg) -- Paulson & Co. scaled back bets against subprime-mortgage securities, recording investment profits that helped the New York-based hedge-fund manager double assets to $24 billion this year.read
Former mayor's beach house to be sold MOBILE -- A federal judge has ordered that the multi-million dollar Gulf Shores beach house at the center of the government's corruption case against Orange Beach officials be sold after
Guilty plea in mortgage scam Mohammad "Mike" Taghie Kakvand, the ringleader in a mortgage scheme that resulted in abandoned Chicago apartment buildings, pleaded guilty in federal court Monday.Commentread more...
Proposed changes to tax code could have big impact on you Howard Gordon Special to The Desert Sun The president's tax reform panel has recommended eliminating a host of special tax breaks, streamlining and simplifying the filing process.read more...
GMAC slashing work force, reduces mortgage lending (Boston Herald) LOS ANGELES - Lender GMAC Financial Services says it will close 200 retail offices and lay off about 5,000 employees as part of plan to scale back its mortgage lending
We always recommend a new-home buyer make the contract subject to an appraisal, home inspection and review by a real estate attorney.
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