Just walking away hurts mortgage market more (Akron Beacon Journal) Experts say fretting homeowners who worry the mortgage market is worsening are, well, making the mortgage market worsen.read more...
Home Solutions (HOM) Suffers Earnings-Related Decline The stock has been rallying steadily since late January but has stepped almost six percent lower today, taking out short-term support from its 10-day moving average.read more...
Why the Fed matters (Reg Req'd) If you borrow money, carry a mortgage or worry about inflation, the person in charge of the Federal Reserve can have a big influence on your financial life.read more...
A new leniency in mortgage rescues (The Christian Science Monitor via Yahoo! News) The mortgage industry gladly helps people buy homes when the market is up. How much will it help borrowers keep their homes in down times? Last week, the Bush
Ask AP: Mortgage insurance, taxing Social Security benefits (San Francisco Chronicle) It sounds like a foolproof system for lending institutions: When someone's house is mortgaged to the hilt, the borrower has to get mortgage insurance, protecting the lender in the event
Rates rise and lenders get stricter Mortgage rates went up this week because prices for fuel and food keep moving higher and higher.read more...
Aug. 10 (Bloomberg)—Shares of Countrywide Financial Corp. and Washington Mutual Inc. fell after the U.S. mortgage providers said demand has dried up and finding sources of new money may become more difficult.
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