Mortgage industry warns against interest rate rise (The West Australian) If interest rates rise by as much as half a percentage point this year 40 per cent of mortgagees will be in financial stress, the Mortgage Industry Association has warned.read
Man to serve 8 years, repay $6.5M for mortgage fraud (Atlanta Journal-Constitution) Intown property developer Kevin Wiggins will serve eight years in prison related to a large-scale mortgage fraud in a historical southwest Atlanta neighborhood, a judge ruled Tuesday. Wiggins also will
3 men accused of Ponzi scheme that targeted military, churches "That is absolutely ridiculous" Three men promised to pay off home mortgages and credit card debts in exchange for small investments in what investigators described as fraud scheme that
Mortgage bailout is a bad idea, readers say (San Francisco Chronicle) If our state legislators are considering a mortgage-bailout bill because they think it's politically popular, they might want to think again. My Sunday column on why a taxpayer-financed bailout of
High Desert shapes up as - buyer's market' While High Desert home sales continue to show signs of weakness, the region's market likely isn't headed into a recession, as some bargain-minded buyers hope.Commentread more...
Rates rise after Fed increase. Coincidence? Mortgage rates rose modestly this week, following the Federal Reserve's decision to raise short-term interest rates.via
July 10 (Bloomberg)—Ahorro Corporacion Financiera SV, the investment group owned by 43 Spanish savings banks, is turning to U.S. investors as a property slowdown makes it harder to sell mortgage bonds in Europe.
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