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Paulson urges tighter mortgage oversight (AP via Yahoo! News)   Treasury Secretary Henry Paulson said Thursday that a presidential working group wants stronger regulatory oversight of mortgage lenders to avert the kind of credit crisis that is dragging the


New Marriott project in Bahrain  Building of a new Marriott apartment block is to start in Bahrainvia


Bay Area Sees a Decline in the Demand for Homes  The real estate bubble may be starting to deflate in the Bay Area, as the number of residential properties sold has seen a decline for the seventh month in a


Subprime crisis shines spotlight on mortgage broker practices (Market Watch)  SAN FRANCISCO (MarketWatch) - The subprime mortgage crisis has re-ignited scrutiny of the industry and people who broker home loans, with some critics arguing that hidden fees and other dubious


Squeaky Floorboards Can Be Big Trouble for Builder    QDEAR BARRY: The floors in our new, two-story house squeak and groan. We've asked the builder to do something about it, but he says, "It's normal." Our previous homes


Bond sale could shake up mortgage Market (NorthJersey.com)  NEW YORK -- The Treasury Department's resumption of 30-year bond sales could have an interesting impact on the home mortgage market, with lenders offering more 40-year loans and maybe even

January 31st, 2007

State lawmakers question risky home loan practices

California lawmakers on Wednesday began considering restrictions on unorthodox mortgage-lending practices that have allowed hundreds of thousands of Californians to buy homes they otherwise could not afford.
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