Investors Left Holding the Bag In a Land Project Gone Wrong A failed development near Penland, N.C. shows how much the freewheeling loan climate has infused real-estate deals targeted at well-off borrowers with healthy credit records.
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Quick resolutions for distressed borrowers? Hardly "Oh no, we can't talk to you about a loan modification. Your file is in the collections department (not the loss-mitigation department, where loan modifications and short sales are handled)
Spain March Mortgage Lending Grew At Slowest Rate In 4 Years (Nasdaq) MADRID -(Dow Jones)- Spanish mortgage lending grew at its slowest annual rate in four years in March, the Spanish Mortgage Association, or AHE, said Wednesday.read more...
Housing threat to Rock repayments Northern Rock was nationalised in February after getting into trouble Sharp falls in UK house prices could delay Northern Rock's repayment of billions of pounds of loans from the taxpayer,
Ryland settles with state on mortgage-lending allegations (BizJournals) The mortgage lending arm of Ryland Homes has run afoul of North Carolina regulators.read more...
Mortgage Rates Near 4-Year High Long-term mortgage rates are continuing to edge higher. Freddie Mac said Thursday that the average for 30-year, fixed-rate mortgages is at 6.60 percent, compared to last week's 6.58 percent.read more...
Perhaps you’re a reluctant landlord. Caught in the housing downturn and unable to sell your house or condo at a decent price in 2006, you may have decided to rent out the property. via The Orlando Sentinel
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