Blame for subprime mess shifts; Mortgage sellers faulted "It's just the most effective way to get the market to behave" One of the toughest questions facing Congress as it tries to address the meltdown in the subprime
Benefits to you: Proceeds are tax-free No monthly mortgage payments required (Landmark) Benefits to you: Proceeds are tax-free No monthly mortgage payments required Use the cash any way you choose Continue to own your home No income or credit qualifications Marc Pisa,
Mortgage lending practices criticised by FSA (The Herald) Mortgage lenders and intermediaries are failing to assess properly whether vulnerable consumers can afford home loans, a major independent report revealed yesterday.read more...
Boom Pushed Ownership Beyond Reach of Many, Study Finds The recent housing boom moved prices beyond the means of average folks, new research shows. read more...
More households struggle with mortgage payments (Guardian Unlimited) The number of those struggling to repay their mortgage debt has risen, according to figures released today by the Bank of England.read more...
Fire destroys 3 Festus businesses "I pulled up at 7:15, and the roof was already burning" Three Festus businesses were gutted by fire this morning in a blaze at the northwest corner of West
July 24 (Bloomberg)—The dollar declined to the lowest in more than two months against the yen and weakened against the 10 most-active currencies on speculation subprime mortgage losses will deepen and reduce demand for U.S. assets.
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