Senate Mulls Mortgage Package (Time Magazine) Hundreds of thousands of homeowners could get safe, cheaper loans rather than losing their homes under a massive election-year mortgage rescue going through Congress read more...
Polk County Home Sales Decline for 17th Straight Month LAKELAND | Holidays equal slow sales when it comes to Polk County's real estate market. more»
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Home is where the art is When we're young, crayons, markers and a rainbow of construction paper seem to be life's necessities.read more...
Put a Lid on Rising Mortgage Payments (WKYT 27 NEWSFIRST & WYMT Mountain News) (ARA) - Do you have a balloon mortgage that is coming due or an adjustable rate mortgage payment that has been steadily creeping up as interest rates change?read more...
Mortgage Applications in U.S. Rose 3.2% Last Week (Update1) (Bloomberg.com) Sept. 13 (Bloomberg) -- Mortgage applications in the U.S. rose last week to the highest level in more than three months after a recent decline in borrowing costs spurred home
Confused by all the Mortgage Options? Here's Help (Wellsville Daily Reporter) (ARA) - Fixed rate. Adjustable rate. Interest Only. Flex. All of the different types of home loans that are available these days can puzzle many homebuyers. But, say mortgage experts,
“There are always discussions going on.”
H&R Block Inc. said in a securities filing Friday that two lenders had agreed to continue financing Block’s subprime mortgage business until it could be sold this year.
The accords help preserve an $8 billion credit line that subprime lender Option One Mortgage Corp. must maintain for the sale to occur. Some of the extended deadlines set by one lender could lapse before that happens, however.
The Kansas City tax and financial services provider said in a Securities and Exchange Commission filing that a Citigroup Inc. unit had extended through Oct. 2, its agreement to provide warehouse loans to cover loans that Option One makes to homebuyers. Warehouse loans are short-term credit lines that lenders such as Option One use, in effect, to store their mortgages in Wall Street banks until there are enough of them to bundle and resell to investors. Read more
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