Texas Bankruptcy Laws

Get Married to Your Mortgage (The Motley Fool via Yahoo! News)   Although "till death do us part" is a solemn vow we take in marriage, expecting we'll live happily ever after with our betrothed, we ought to be adding that


Slowdown in housing predicted  A sustained decline will hit the U.S. housing market next year, costing the nation as many as 800,000 jobs, according to a new economic report released Wednesday.read more...


Freddie Mac: 30-Yr. Mortgage Rates to Rise (San Francisco Chronicle)  Rates on 30-year mortgages edged up for a fourth straight week, rising to the highest level in two months, Freddie Mac reported Thursday. The giant mortgage company said its nationwide


U.S. MBA's Mortgage Applications Index Rose to Five-Year High   Mortgage applications in the U.S. last week reached a five-year high as borrowing costs slid.read more...


Pending Home Sales Index Hits Lowest Level Since March 2003  The real-estate market will be 'relatively sluggish' in the second quarter, but should improve later this year, reports David Lereah, chief economist for the National Association of Realtors. read


Picking between paying cash and a mortgage  If you're not using the mortgage interest deduction, cash might be better, Dr. Don says.read more...

August 9th, 2007

Countrywide tumbles as mortgage market seizing

“Based on our review of the risk section (of the filing), the aftermarket move seems to be an overreaction and we would recommend investors to accumulate stock on share price weakness”

Shares of Countrywide Financial Corp., , fell more than 15% ahead of Friday’s open, retreating after the largest U.S. home lender said problems in the U.S. mortgage market poses a serious threat to its earnings … via MarketWatch



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