Pick-a-Default-or-a-Foreclosure Mortgage (Blogcritics.org) Pick-a-pay mortgages, otherwise known as negative amortization loans, have surged in popularity in the last five years -- so much so that they've been highly featured, and in turn
Police: Worker Threatened With Wheelbarrow Handle (WDIV ClickOnDetroit.com via Yahoo! News) A man armed with a wheelbarrow handle threatened an employee at a mortgage company on Friday morning, according to a Waterford police news release.via
Bankrate: Mortgage Rates Fall to 3-Month Low Mortgage rates fell to a three- month low on easing inflation concerns. The average 30-year fixed rate mortgage dropped from 5.84 percent to 5.78 percent, according to Bankrate.com's weekly national
Ex-Met Mortgage chief agrees to settlement (Tri-City Herald) SPOKANE -- The former leader of bankrupt Metropolitan Mortgage & Securities Co. will pay about $151,000 to settle allegations that he masterminded fraudulent real estate deals that backfired into an
Stocks Tumble On Subprime Worries Stocks plunged Tuesday, driving the Dow Jones industrials down more than 200 points and erasing all the gains made last week as troubles for subprime lenders piled up.Investors, bracing for
SEC details look at mortgage market woes (AP via Yahoo! News) The government is casting a wide net in its scrutiny of Wall Street banks, investors, credit-rating agencies and others and the role they played in the subprime mortgage crisis.read
WASHINGTON (MarketWatch)—With the adjustable-rate sector of the market drying up, applications for mortgages fell for the fifth straight week as interest rates rose, the Mortgage Bankers Association reported Wednesday.
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