Types Of Bankruptcy

Some 'Preapprovals' Aren't Worth Ink They're Printed With    A new national study says that too many home buyers are kidding themselves -- and home sellers -- about a crucial step in the mortgage process: Growing numbers of


Levees to cost less, but Washington commits to only half  WASHINGTON -- It will cost much less than anticipated to fix Louisiana's smashed levees, the federal official in charge of hurricane response said Wednesday.read more...


The Right Way to Transform Fixer-Uppers Into Dream Homes  A house in need of repair can be either a bargain or a money pit. How to determine the potential costs and whether you're up for the challenge -- and


Sweating it out:Poll:Many homeowners worried they can't handle adjustable mortgage increases (Gloucester Daily Times)  WASHINGTON (AP) - The future is gnawing at homeowner Scott Klimek. Will the interest rate on his adjustable-rate mortgage go up? Will he be able to afford the monthly payments


Mortgage Scams and How to Fight Back If You've Been Swindled  What should you do if the home loan you signed for isn't the one you received? Lew Sichelman addresses bait-and-switch schemes and offers information on where to go for help


lakeshore home for sale buying at lakeshore-online.com  Your ARM could increase as much as 60%. Lock in a low rate now. $175,000 for $930/mo. 15 year Fixed.Commentread more...

August 5th, 2007

Housing Market to Weaken Even Further As Mortgage Industry Takes Cure (WallStreet Journal via Yahoo! Finance)

The home-mortgage industry is finally swearing off high-risk loans to people with bad credit, after years of lax lending. But this is creating a vicious circle that will make the housing market even weaker in the near term.

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