More Mortgage Damage Seen For Citi (Forbes) Goldman Sachs predicts the bank may have to write off an additional $15 billion in mortgage losses.read more...
Jumbo, conforming mortgage limits unchanged in 2007 (Bankrate.com) The conforming mortgage limit between regular mortgages and jumbo mortgages won't rise in 2007, but at least it won't fall. But if home values fall again next year (as they
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Drivers Looking for Ways to Save on Rising Gasoline Prices The record high price of gasoline is forcing Costa Ricans to look for alternative transportation and methods of using less gasoline.read more...
New lease of life for mortgage-backed bonds (Financial Times) The Australian mortgage-backed bond market, which shut down last year in response to the global credit crisis, is showing tentative signs of life after Citibank raised A$500m (£243.8m).read more...
Greenspan a poet? (Reg Req'd) Years from now, when all the dust settles, Federal Reserve Chairman Alan Greenspan will get more credit for his linguistic skills than he does today.read more...
I wondered: Could this be possible? The direct-mail solicitation claimed that we could shave years off the life of our 30-year mortgage and save thousands of dollars in interest by making half our mortgage payment every two weeks instead paying once a month. Of course, there was a fee. But the theory is simple math, really. Paying half your mortgage payment biweekly instead of monthly means …
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