Mortgage lending hits new high (Guardian Unlimited)
Mortgage lending rose to record levels last month as borrowers reacted to further interest rate rises, according to figures released today from the Council of Mortgage Lenders.
read more…
Low-Risk Areas, a High-Risk Insurance Decision Many homeowners have the decision about flood insurance made for them. If their houses are in high-risk zones, their lenders require insurance. So they buy it. read more...
Bernanke endorses mortgage industry reforms (The Virginian-Pilot) RICHMONDandnbsp;- Federal Reserve Chairman Ben S. Bernanke on Thursday endorsed a variety of reforms to prevent another sub-prime mortgage crisis. During a speech at the University of Richmond, Bernanke called
Husqvarna unveils building, largest in Beatrice At least 350 people turned out Thursday afternoon to witness the public unveiling of the largest building in Beatrice as Husqvarna Turf Care Co.read more...
Extra principal won't reduce mortgage payments (Bankrate.com) Dear Dr. Don , Once a mortgage is set up and I decide to pay extra on the principal, should my actual monthly payments go down? Thanks, -- Tom Treatmentread
Mortgage broker pleads guilty to fraud charges (Pioneer Press) A Prior Lake-area mortgage broker pleaded guilty Monday in U.S. District Court in Minneapolis to federal charges of mortgage fraud. Ronald Joseph pleaded guilty to one count of mail fraud
Barclays Says Credit-Card Defaults Will Limit Earnings Growth This Year Barclays Plc, the U.K.'s third-largest bank by assets, said credit-card defaults will limit this year's profit growth.Commentread more...