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Woman's mortgage piles debt upon debt (Akron Beacon Journal)  To understand what some homeowners in mortgage trouble face, talk to Barbara Fongheiser. She's 60 years old and works two jobs, earning about $30,000 a year.read more...


Keep Summer Heat Outside with Shutters Inside  The latest trend in home decorating can solve all three problems: interior shutters made from Polywood , an engineered wood substitute.read more...


Firefighters Stuck in Ga. Awaiting Orders (Reg Req'd)  Joseph Manning, a firefighter from Washington, Pa., talks about waiting in Atlanta to be dispatched to Hurricane Katrina areas by FEMA Tuesday, Sept.read more...


Six Ways You Can Make Your House More Affordable  Many homeowners who used adjustable-rate mortgages to buy homes they couldn't afford with traditional 30-year fixed-rate mortgages are feeling the pinch. Some tips on how to cope.read more...


30-year mortgage reaches 6.24% (Chicago Sun-Times)  Rates on 30-year mortgages rose for a third straight week, hitting the highest level in more than three months. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages


Impac 1Q results fall by half  Real estate investment trust Impac Mortgage Holdings Inc. on Thursday said first-quarter results fell by half, as dividends from taxable REIT subsidiaries fell.read more...

June 4th, 2007

Bank of Baroda to launch reverse mortgage loans (Business Standard India)

Bank of Baroda (BoB) is planning to launch reverse mortgage loans (RML) for senior citizens. The bank will make periodic payments to borrowers (persons above 60 years) to supplement their pension income.

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