Types Of Bankruptcy

Maine supreme court rejects mortgage foreclosure by Camden bank (Camden Herald)  CAMDEN ? A mortgage foreclosure by the Union Trust Company, now part of Camden National Bank, has been thrown out by the Maine Supreme Court, which has ruled that the


BancTec releases mortgage processing system (Finextra)  BancTec Limited, the financial systems and outsourcing specialist, today announced the launch of eFIRST Origin, a powerful and secure business system that supports the mortgage application ...read more...


U.S. mortgage rates up slightly last week (UPI)  WASHINGTON, May 29 (UPI) -- Interest rates for 30-year, fixed-rate mortgages increased in the United States in the last week, the Federal Home Loan Mortgage Corp. said Thursday.read more...


New law boosts oversight for mortgage advisers (Poughkeepsie Journal)  People taking out mortgages have always been held responsible for meeting the terms of their loans. Now, many mortgage advisers will be held personally responsible for creating those terms.read more...


What befits a legend? (Reg Req'd)  A musician is offering her original composition, "Come Be Apart." A T-shirt designer wants to raise funds through T-shirt sales to help finance a mural.Commentread more...


No time to design the ballroom or choose the fountains? $17.5 million gets you a ready-made mansion today . . .   Have you noticed the empty mansions for sale? Sure, some extravagant new houses are on the market because times turned harder for the original buyers. read more...

January 31st, 2007

Lawmakers question risky mortgage lending 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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