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Lasting home design means avoiding fads  You wash your hands in a vessel sink, pull a bottle of New Zealand sauvignon blanc from a brushed-steel refrigerator and place it on a gleaming granite countertop.Commentread more...


Real estate groups urge FHA reform  Coalition says reform would increase home ownership Thomas Stevens, NAR president The National Association of Realtors has joined other industry organizations advocating reform of the Federal Housing ...read more...


Easy For Eddie  "We have to find a way, those of us who truly want change, to narrow down the number of candidates" Hartford Mayor Eddie A. Perez won a four-way Democratic


Motel Will Become Condo Complex  TALLAHASSEE - Florida's sales tax has helped keep the state's checkbook balanced and credit rating so healthy over the years that it's one place lawmakers like to turn when searching


British to ease sale of ailing mortgage lender (Denver Post)  The British Treasury said Monday that it would facilitate a sale of the troubled mortgage lender Northern Rock by converting a pool of the company's assets to bonds for sale


Families build more than homes in housing-assistance program  Sharon Kettle stopped pulling weeds for a moment Saturday morning to remove her sunglasses and wipe her brow.read more...

May 21st, 2007

Mortgage banker defends subprime loans as ‘important tool’ (Market Watch)

WASHINGTON (MarketWatch)—The chief of the Mortgage Bankers Association defended the use of subprime loans Tuesday, saying they’ve enabled millions of Americans to buy homes and urging that a fix for that sector of the market not end up hobbling the entire mortgage industry.

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