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Mortgage foreclosures set a record (USA Today)  The Mortgage Bankers Association said Thursday that lenders began foreclosure proceedings on a record number of homes this spring.read more...


Mortgage Bureau launches Infinity products (Mortgage Introducer)  The deal is part of Mortgage Bureau (UK)'s premier range and applies to Infinity's near-prime and light products. The incentive is available on all two-year fixed and two-year discounted deals


DAVID MYERS: Interest adds up in 40-year mortgage (Detroit Free Press)  Dear David: I want to buy my first house but keep my payments as low as possible, because a lot of my income already goes toward making the minimum payments


Sweating it out:Many homeowners worried they can't handle adjustable mortgage increases (Eagle-Tribune Online)  WASHINGTON (AP) - The future is gnawing at homeowner Scott Klimek. Will the interest rate on his adjustable-rate mortgage go up? Will he be able to afford the monthly payments


DSS keeps up the not-so-good fight  Lady Dedlock -- DSS keeps up the not-so-good fight When lawyers and social workers pieced it together for a District Court judge a week before last Christmas, the orphan's story


Family Falls on Hard Times in Wake of Death  Life was improving for Edwin Colon and his family. He had just been hired as an auto technician after having been out of work for months, he was taking classes

April 10th, 2007

Alt-A Mortgage Market Showing Weakness (AP via Yahoo! Finance)

Turmoil in the mortgage market is ensnaring more companies who lend to people with decent credit. The spread of home lending woes beyond loans to those with weak credit threatens to reduce the availability of loans for some consumers and even threaten the existence of some lenders.

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