Mortgage rates edge down a bit (Northwest Indiana Times Business) WASHINGTON | Mortgage rates edged down this week, good news for people looking to buy a slice of the American dream -- their own home. The mortgage company Freddie Mac,
Council OKs Big 3 expansion loan Associated Press text, photo, graphic, audio and/or video material shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium.read more...
House passes bill aimed at helping mortgage borrowers (Market Watch) WASHINGTON (MarketWatch) -- Reaching out to hard-hit borrowers in the subprime-mortgage market, the House on Tuesday passed a bill that lowers down payments for borrowers, raises loan limits and boosts
Luminent explores options amid mortgage turmoil (bizjournals.com via Yahoo! Finance) Turmoil in the mortgage markets snared another victim Monday.read more...
State's coffers full, economic chief says Washington's economy "easily weathered" a post-Hurricane Katrina spike in gas prices and continues to generate more tax revenue than expected, state chief economist ChangMook Sohn reported Monday.read more...
Sector Snap: Mortgage REITs Slide (AP via Yahoo! Finance) Shares of four mortgage real estate investment trusts tumbled Tuesday to 52-week lows after Countrywide Financial Corp.'s second-quarter earnings report and full-year outlook revived fears that the housing slump
“The biggest problem today for consumer borrowers is no longer the ubiquitous credit card, rather it will come from secured borrowing and the rising cost of mortgage debt.”
House pepossessions have ‘surged by 30%’ The number of people whose homes were repossessed surged by 30% during the first half of the year as homeowners struggled with rising interest rates, figures showed … via 24dash
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