As Bill Evolves, Mortgage Debt Is Snowballing (New York Times) Congress?s sweeping rescue package for struggling homeowners may only be able to touch a fraction of those in trouble and would do little to bolster the market, analysts say.read more...
GMAC's ResCap mortgage unit to cut 3,000 jobs (Reuters via Yahoo! News) Residential Capital LLC, the mortgage unit of GMAC Financial Services, said on Wednesday it will eliminate 3,000 jobs, or 25 percent of its work force, to cope with the
U.K. July Mortgage Approvals Rise More Than Expected (Update1) (Bloomberg.com) Aug. 30 (Bloomberg) -- The number of home loans approved by U.K. mortgage lenders rose more than expected in July, suggesting the $6 trillion housing market may be recovering from
Fed finds discriminatory mortgage rates (San Diego Daily Transcript via Yahoo! News) WASHINGTON -- Some mortgage lenders charged black and Hispanic customers more for home loans than they did whites last year, even after adjusting for factors including income and location,
Patriarch of home building family being investigated in drug bust "They live in their own houses. They have their own lives." Investigators confirmed today that the 69-year old patriarch of the Cepero family is a target of their ongoing
The Paul Isaacson Family Lives in the House of the Future "If you build your house underground-where there's a stable year-round temperature of 55 to 57F?you're going to save money.read more...
“This only works if you’re helping people who pay back what they borrow”
Posted on Jul 23rd, 2007 with stocks: CFC , FMT , FNM , LEND , NFI In a bid to contain surging home foreclosures, several states are establishing funds to help homeowners struggling with subprime mortgage loan … via The US Market Blog
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