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Borrowers await 'extortion' ruling  HUNDREDS of borrowers saddled with extortionate personal loans might be able to walk away from their agreements if a Merseyside couple wins a landmark legal case taking place at the


30-year U.S. mortgage rate steady (UPI)  The benchmark 30-year fixed-rate U.S. mortgage was unchanged at 6.16 percent, housing finance company Freddie Mac said Thursday.read more...


Scotiabank changes mortgage rates (CNW Group via Yahoo! Finance)   Scotiabank announced today the following changes in residential mortgage interest rates, effective November 2, 2005:read more...


Making Sense of Slate Roof Stand-Ins  Slate shingles, traditionally split from natural stone, are known to perform for decades - even a century or more with good installation and regular maintenance.via


Key congressmen against budgeting GSE housing fund  The U.S. House Financial Services Committee's top Republican and Democrat have urged the Congressional Budget Office against making a proposed housing fund, supported by Fannie Mae and Freddie Mac, subject


Mortgage rates fall to six-month low (Denver Post)  Mortgage rates sank last week, with rates on 30-year mortgages dropping to a six-month low, a spot of welcome news to would-be home buyers.read more...

May 8th, 2007

HUD to seek ban on mortgage ‘aid’

“The seller would just raise the price.”

The Department of Housing and Urban Development plans to seek a ban on a certain type of down payment assistance that has grown sevenfold this decade and contributed to a surge in foreclosures of … via BaltimoreSun.com



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