Mortgage vultures swoop on US housing crisis (Daily Telegraph)
Repossessions soar by 35 per cent as “mortgage rescue” scams target troubled borrowers.
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Inflated appraisals can leave homeowners holding the bag When you're buying a home don't be fooled into thinking a higher appraisal is good for you, warns Real Estate Adviser Steve McLinden.read more...
Home sweet bank: Homeowners are increasingly borrowing against their... TORONTO - Two years ago, John Ouzounis took stock of his personal financial situation and realized, like thousands of Canadians, he had been loading up his credit cards while spending
Job losses spike as US mortgage firms feel downturn (AFP via Yahoo! News) Mortgage industry layoffs rose Wednesday and have jumped dramatically of late as surging home foreclosures and a credit squeeze force home lenders across America to scale back business.read more...
Habitat outlet celebrates first year Habitat for Humanity's Home Outlet Warehouse is completing its first year of operation.read more...
Four states tell lender to end its operations New Century Financial Corp. said Wednesday it has received cease-and-desist orders from banking regulators in four states, claiming some subsidiaries of the troubled subprime mortgage lender have violated state ...Commentread
Church comes to rescue of mother, children The year saw the 37-year-old mother of three struggle to pay for anything beyond the mortgage for her rundown little home near Cooper Park, gas for her car, food for