Foreclosures Hit New Jersey From the Star Ledger: Rise and fallout: Real-estate professionals adjusting to new reality "Joyce Aponte has spent the past 20 years selling single-family homes and properties repossessed by lenders after
Bankrate: Mortgage Rates Soar Ahead of Fed Meeting (Real Estate News) RISMEDIA, June 30, 2006?Fixed mortgage rates increased for the third consecutive week as higher interest rate expectations take hold. The average 30-year fixed rate mortgage jumped from 6.83 percent to
Mortgage Crisis Hits Queens Especially Hard (WCBS-TV New York) The subprime mortgage mess was a key trigger in the economic crisis, and one of the worst-hit areas was in Queens. By one estimate, one-fifth of all foreclosed properties in
'Cracks In The Armor' Of Subprime Players: CEO The LA Times has this report on infighting among subprime lenders. "Brutal competition in the shrinking home loan market has caused "irresponsible players" such as Ameriquest Capital Corp.read more...
Now almost everyone qualifies for a mortgage loan (Warsaw Business Journal) From Poland A.M. Today even unreliable clients may hope to get a mortgage loan.read more...
Alaska?s Residential Mortgage Invites Mitel And Foundry Networks Into Their House (CRM Today) Mitel® is receiving some enthusiastic northern exposure in Alaska thanks to a partnership with California-based Foundry Networks®, Inc, Mitel Platinum solution provider TekMate and Alaska-based Residential Mortgage.read more...
June 29 (Bloomberg)—Standard & Poor’s, Moody’s Investors Service and Fitch Ratings are masking burgeoning losses in the market for subprime mortgage bonds by failing to cut the credit ratings on about $200 billion of securities backed by home loans.
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