Brown's party loses London "My job is to listen and to lead and that is what I will do." By Tim Castle and Katherine BaldwinLONDON (Reuters) - Britain's Labour Party suffered its worst
Governor's residence rehab hits home stretch In the next few weeks, the first paint will be applied to walls in the newly renovated governor's residence, kicking into high gear the decorating phase expected to be done
New program helps Hispanics become homeowners An El Centro instructor teaches a class on homebuying at the Guadalupe Center. Hispanic families who dream of owning their own home but are unsure how to go about it
Habitat for Humanity sorts through applicants After months of watching the paperwork fly in every different direction, volunteers with the Orillia branch of Habitat for Humanity are now in the process of narrowing down the list
New mortgage deals: 'Offset' loans (CNN Money) Question: I've heard that American lenders are now offering something called an offset mortgage, which is popular in the U.K. Do you think this is a good deal? - Jeffrey
FSA raps mortgage brokers for significant failings (Reuters.co.uk) "The findings on sales and advice from brokers show significant weaknesses which are disappointing," Clive Briault, the FSA's managing director of retail markets, said in a statement.read more...
The refinancing bubble has burst. As people just cannot pay their mortgage with home equity (prices) falling and short-term rates rising, the mortgage-banking sector is in total collapse. The mortgage default rates in February seem to be higher than January, which was a record any way.
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