One way out of a mortgage -- 'short sales' (Newsday) In a tumultuous real estate market, more strapped homeowners, lenders are striking 'short sale' deals A growing number of homeowners who can't pay their mortgages are ditching
Unable to Pay Mortgage, Man Raffles Off Pricey Flat (NPR) An unemployed real estate agent in Madrid, Spain, couldn't afford his mortgage payments and couldn't sell his half-a-million-dollar apartment, so he's raffling it off. The proceeds from the 64,000 tickets
Low mortgage rates may not last long (Seattle Times) Whether you're thinking about refinancing your mortgage or taking advantage of January's exceptionally low rates to buy a house, don't sit around. Acting sooner rather than later should be a
Mo. lawmakers pass bill adding penalties for mortgage fraud (AP via Yahoo! Finance) Missouri lawmakers gave final approval Thursday to legislation that creates the specific crime of mortgage fraud. The legislation defines mortgage fraud as making false statements or failing to disclose
Mortgage loan and servicing can be sold (Reg Req'd) Mortgage loan and servicing can be sold By Linda Goodspeed / Daily News Correspondent Thursday, December 29, 2005 Q Is there any way you can prevent your mortgage from being
Wachovia sues California mortgage firm over loans (BizJournals) Struggling to manage its mortgage losses, Wachovia Corp. is suing a California mortgage lender for failing to buy back bad loans.read more...
Nothing illustrates the swift collapse of the home-loan market better than Luminent Mortgage Capital of San Francisco, which is teetering on collapse the week after it assured investors it was fine. Luminent is a real estate investment trust that buys, sells…
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