Types Of Bankruptcy

Cool new tools Mom will love   Perhaps they can do a story on how much newscasters make and detail how we might get the same information or more from lesser-paid newscasters. via Inman read more...


Countrywide Profit Falls  Countrywide Financial Corp., the largest U.S. mortgage lender, on Tuesday said quarterly earnings fell 28% after it sold fewer loans to investors and mortgage banking profit fell by nearly half.read


Propositions to voters on Tuesday  Local voters will go to the polls on Tuesday to decide some important constitutional issues effecting every Texan.read more...


Area's home sales remain torrid  ROCKFORD - The housing market, which is increasingly showing signs of slowing nationally, is doing nothing but picking up steam in the Rock River Valley.read more...


Mortgage rates fall once more  WASHINGTON - Rates on 30-year mortgages fell for a second straight week to the lowest level since the beginning of the year.Commentread more...


Who's who in the Vincent Brothers murder trial  Brothers is charged with five counts of first-degree murder for the deaths of his estranged wife, Joanie Harper; their three children, Marques, Lyndsey and Marshall; and his mother-in-law, Earnestine Harper.Commentread

April 1st, 2007

Industry tightens standards on ‘no proof’ loans

Designer mortgage loans that don’t require borrowers to prove how much money they earn or make downpayments are getting much of the blame for the wave of defaults racking the subprime mortgage industry.
Comment

read more…

Leave a Reply

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>

Couldn't find your convert utility. Check that you have ImageMagick installed.