Frank Introduces Mortgage Legislation (AP via Yahoo! Finance) A leading House Democrat took on the banking industry Monday with a bill to restrict lending practices partly blamed for the nationwide surge in mortgage defaults and foreclosures.read more...
Buying A Home And Peace Of Mind If you've ever wanted something so bad it hurts, you understand how Frederick and Teresa White feel.read more...
Mortgage firm shuts 10 offices in Mich. (Detroit News) Ten Michigan branch offices of Ameriquest Mortgage Co. were abruptly closed Tuesday and scores of employees were terminated.read more...
Hawaii mortgage fees second highest in the nation (KPUA Hilo) HONOLULU (AP) _ Hawaii homebuyers pay the second highest closing rates in the country. That's according to a survey by online service Bankrate.com. Buyers' mortgage-related fees are about 32 percent
Confused by all the Mortgage Options? Here's Help (Ridgecrest Daily Independent) (ARA) - Fixed rate. Adjustable rate. Interest Only. Flex. All of the different types of home loans that are available these days can puzzle many homebuyers. But, say mortgage experts,
Kentucky to use new mortgage licensing system (Business First of Louisville) Kentucky has opted to join the national Residential Mortgage Licensing System.read more...
“The drop in permits is one of the biggest on record. It suggests the contraction is housing is not over and has some months to play out”
Home building posted a small gain in April, but permits for future construction plunged by the largest amount in 17 years, a sign the nation’s housing industry is still in a deep slump.
Construction of new homes and apartments rose to a seasonally adjusted annual rate of 1.528 million units in April, an increase of 2.5 percent from the March level.
Even with the improvement, housing construction is 16.1 percent lower than a year ago, reflecting the amount of the slide since a five-year boom in housing ended last year. Read more
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