The Incredible Shrinking Down Payment
Does anybody remember the old days when home buyers actually made sizable down payments, often 20 percent or more, when they bought their first house?
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Ex-mortgage broker gets 54-month sentence (The Columbus Dispatch) A former Lewis Center mortgage broker will spend 54 months in prison for a scheme that left applicants owing more than they had borrowed.read more...
Corus's Condo Crater Corus Bankshares has taken ownership of a 765-unit development in Panama City Beach, Fla., for which it lent $146 million.read more...
Sonnenblick-Eichner Company Arranges $25 Million of First Mortgage Financing for the Los Angeles Media Tech Center (SYS-CON Media) Sonnenblick-Eichner Company announced todaythat it has arranged $25,000,000 of first mortgage financing for aportfolio of four office/warehouse buildings located within the Los AngelesMedia Tech Center Business Park in Los Angeles,
AIG Reconstitutes Its Executive Committee Associated Press AIG Reconstitutes Its Executive Committee 04.21.2005, 07:44 PM The board of American International Group Inc.via
BoE eyes mortgage market intervention (Reuters.co.uk) LONDON (Reuters) - Authorities, under pressure to ease strains in the mortgage market, are considering a scheme that would allow lenders to swap mortgage collateral for government bonds, a source
Mortgage foreclosures set a record in Q3 (USA Today) Home foreclosures and the rate of homes entering foreclosure rose to record highs in the third quarter, the Mortgage Bankers Association said Thursday.read more...