Tight credit hitting specialized areas of mortgage market (San Francisco Chronicle) Like a spreading infection, restrictions on credit are moving into new and more specialized niches of the mortgage market. The latest to feel the pinch: - Cash-out refinancings. - Loans
Subprime-mortgage crisis in third stage (The Japan Times) The subprime-mortgage problem has entered a third phase. The first phase, needless to say, involved the decline in housing prices in the United States that crippled many homeowners' ability to
Condo fever alters face of Ocean City Ocean City -- Norman Gilden bought his first vacation home in Ocean City three years ago, expecting his $359,000 investment would grow.via
Beating the cold this winter proved no sweat for some apartment dwellers There aren't too many benefits to renting an apartment compared with owning a home.read more...
KiwiSaver fee subsidy, mortgage diversion rules (Scoop.co.nz) Preparations for the 1 July introduction of KiwiSaver advanced today with the signing of an Order in Council that bring into effect both the annual fee subsidy to be paid
Mortgage Maze: Entrepreneurs step in to help (Winston-Salem Journal) A few entrepreneurs are developing new tools to help home buyers tackle one of the most confusing projects they face: Figuring out whether a mortgage is a fair deal.read more...
NEW YORK (Reuters) – U.S. stocks slid on Monday as a worldwide flight from riskier assets moved into a second week, fed in part by heightened concerns about the flagging health of the subprime mortgage market.
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