Tighter rules urged for reverse mortgage (Sydney Morning Herald) The body representing Australia's actuaries wants reverse mortgage issuers to ensure customers are provided with advice from a qualified financial planner. -read more...
Man charged with fraudulent purchases Police have charged a 42-year-old Brisbane man with fraud offences totalling more than $800,000. The man, from Kenmore in Brisbane's west, allegedly used a forged birth certificate to obtain a
Freddie Mac loses $151M in 1Q as home loans falter Mortgage finance company Freddie Mac's first quarter loss widened to $151 million as the U.S. housing market worsened, though the results were not as poor as expected.McLean-Va.-based Freddie Mac
Bottom Line: Don't Pay Upfront for Credit Repair Services read more...
Getting a Mortgage with Bad Credit (Bastrop Daily Enterprise) (ARA) - Having bad credit is not the end of the world and it's not impossible to get a loan. Generally, credit scores below 600 are considered sub-prime and the
Dollar Rises to 13-Month High Versus Euro The dollar rose to 13 1/2-month highs against the euro Monday in Asian trading, lifted by the higher U.S. interest rates and optimism about the U.S. economy _ in contrast
“There are so many properties out there, you could kill a whole forest printing out the sheets of homes for sale”
As of Friday, there was one less house for sale in Evanston – with 279 to go. That would be the former home of David Hill and Gina Griffin-Hill, who closed the sale on their house almost exactly one year after putting it on the market and cutting the price three times.
‘Price is key,’ said David Hill, capturing in three words a concept housing-market analysts are going to far greater lengths to emphasize in light of two home-sales reports out this week. The first, on Thursday, indicated that aggressive price cutting in the home-building industry is starting to whack away at the nation’s glut of new construction. The second, on Friday, indicated a different story for the resale market. Read more
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