Not hard to understand simple-interest mortgage (Seattle Times) Borrowers can avoid confusion if they understand that a "simple-interest mortgage" is one that accrues interest daily, and should be managed differently than monthly accrual mortgages.read more...
City Aims to Make House Flipping Flop New database designed to help task force speed crackdown on scams hitting hard in housing market Because of its deteriorated condition, the city now plans to demolish this house at
Freddie Mac names new CFO Mortgage finance giant Freddie Mac, emerging from a multibillion-dollar accounting scandal, has named a new chief financial officer, nearly a year after its finance chief resigned.Commentread more...
Owners give fresh start to neighborhood Cotanya Gardner once lived in an apartment so old and rickety that her living room curtains flew into the air when wind gusts blew through her closed windows.via
Lodge plans cornerstone laying ceremony for Sunday, Sept. 11 The Nevada First United Methodist Church is undergoing an extensive remodeling project.read more...
Stocks Fall As Investors Digest Fed Move Stocks slipped Thursday as lingering worries about the subprime mortgage market and rising oil prices led investors to reconsider extending this week's big rally.Commentread more...
“This is just another symptom of a business model broken beyond repair.”
Like it or not the business of buying and selling a home is changing. While a slowdown in home sales may be cyclical, changes in the nature of how people buy and sell homes is going to be permanent. via Mish’s Global Economic Trend Analysis
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