Mortgage fraud is on rise in AZ (Arizona Daily Star)
PHOENIX ? Arizona has moved from 23rd to seventh in the ranking of states with the greatest amount of mortgage fraud, according to data from the nation’s largest lenders.
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Hovnanian's 2006 outlook in focus as builder prepares to report Analysts will be watching Hovnanian Enterprises Inc. this week to see if it follows two home-building bellwethers that recently cut their 2006 profit outlook on a slumping housing market.read more...
Put a Lid on Rising Mortgage Payments (Evening Times) (ARA) - Do you have a balloon mortgage that is coming due or an adjustable rate mortgage payment that has been steadily creeping up as interest rates change?read more...
South Florida's Economic Forecast Call it the price of success: After several years of gangbuster economic growth in South Florida, now the problem is how to manage it.read more...
Mortgage Rates Hit 30-Month Low (TheStreet.com) The average rate on a 30-year, fixed-rate mortgage fell 18 basis points to 5.69% during the week ended Thursday.
Local News Jail paid off, mortgage burned, county gets deed (Linton Daily Citizen) Sheriffs past and present, Greene County Building Corp. members, and other county officials celebrated the payoff of the Greene County jail Thursday with a mortgage-burning ceremony.read more...
Why Borrowers May Not Benefit From Rate Cut Rates remain high on many adjustable-rate mortgages, as they aren't tied to conventional benchmarks. read more...