Mortgage rates continue to rise (BizJournals) Mortgage rates rose for the second consecutive week, according to Freddie Mac's weekly report.read more...
Web offers great alternative to 'mortgage bazaar' Part 2: Smart mortgage shopping Last week I explained why overpricing is so prevalent in the home mortgage market.read more...
Home buyers shop online John Sobecky found his condominium on the Internet, financed the sale over the phone and spent only three hours on the walkthrough, inspection and closing.Commentread more...
Put a Lid on Rising Mortgage Payments (Benton Evening News) (ARA) - Do you have a balloon mortgage that is coming due or an adjustable rate mortgage payment that has been steadily creeping up as interest rates change?read more...
FOR SOME, DEDUCTING MORTGAGE INTEREST MAY BE OVER- VALUED: Homeowners' tax break could end (The Charlotte Observer) President Bush's tax-overhaul commission is considering an idea to eliminate the vile alternative minimum tax by, among other things, trimming the break homeowners get on mortgage interest.read more...
Mortgage fraud scheme uncovered in Southeast Woman faces possible 25 years' prison, $1.25 million fine Rebecca Marie Hauck pleaded guilty May 15 in federal district court to being part of a mortgage fraud and bank fraud
“Nobody wanted to rent to me because I had the foreclosure on my credit”
Agina Anderson’s foreclosure dogs her.
When she tried to rent a house, it warned companies not to take a chance on her. When she sought a car loan, it forced her to pay 19 percent interest.
She’d like to buy another house, but the foreclosure weighs down her credit score like an anchor.
Anderson lost her home in Charlotte’s Barrington neighborhood in November 2003.
She’s one of 41 original homeowners who’ve defaulted, creating a club of foreclosed neighbors that no one wanted to join. Read more
read more…
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