Increase in no down mortgages causing concern about housing market
An increase in the number of people be approved for mortgages with no down payment is causing more concern about California’s housing market.
Comment
read more…
HUD calls for greater mortgage disclosure (The Philadelphia Inquirer) WASHINGTON - Prospective home buyers would get easier-to-understand information on mortgage terms and save an estimated average of $700 in closing costs under a proposal introduced yesterday by President Bush.read
Emerging markets iffy, experts say An opportunity to buy emerging-market stocks is likely to surface within a few weeks as nervous investors continue to flee from risky stocks, experts say.Commentread more...
Slower new-home market might save you money (Reg Req'd) Last week's news that new- home construction may be cooling could mean materials for home-improvement or remodeling projects might not cost quite as much this year.via
American Home Mortgage Closes Its Doors (Seeking Alpha via Yahoo! Finance) Mortgage lender American Home Mortgage Investment Corp. will shut down most of its operations on Friday, the company announced late Thursday night. "Bankruptcy is the next logical step," said
Reverse mortgage for senior citizens - whether it will help? (The Hindu) Can you explain whether reverse mortgage is a method of tax planning for senior citizens? Reverse mortgage is not so much a matter of tax planning as one of finding
NewsIsFree: Advanced News Reader and Feed Publisher Read news from thousands of news sources updated every 15 minutes on the most powerful news aggregator. Create custom feeds with more items, descriptions, select your version of RSS... New: NewsIsFree