Mortgage crisis expected to cost Bay Area $5.4 billion next year (San Francisco Chronicle) The subprime mortgage fiasco stands to cost the Bay Area economy more than $5.4 billion next year, according to the latest report intending to put a dollar figure on the
Chief ready for new station The Pasadena City Council recently approved a $2.3 million bid proposal for Fire Station 2. Pasadena Fire Chief J.D. Gardner said 15 days after the bid was accepted a letter
Exotic mortgages unlikely to bring massive defaults, study finds The potential loan losses from new types of adjustable-rate mortgages issued since 2004 is relatively small, according to a recent study.read more...
Commercial-Mortgage Bond Risk Rises After Loan Delinquencies (Bloomberg) Nov. 19 (Bloomberg) -- The cost to protect against default on top-rated commercial-mortgage bonds increased to a record, a day after delinquencies on two loans heightened concern that the debt
Mortgage fraud worse in nearby states (Las Vegas Sun) Mon, May 26, 2008 (2 a.m.) Nevada might be among the worst-hit states for housing foreclosures, but if it?s any consolation, other states are suffering more from mortgage fraud.read more...
A Push Toward Clear Closing Costs It is by far the most common consumer complaint to the federal government involving the home-buying process: uncertainty about the bottom-line costs of obtaining and closing the mortgage. read
The financial services watchdog today called on mortgage firms to improve their advice processes after discovering that a significant number of companies were failing customers.
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