Mortgage repossession orders up 17% "This means treating borrowers in arrears fairly and sympathetically, and being willing to negotiate with borrowers in trouble" Lenders have come under pressure to do more for struggling homeowners
Palmyra Township Officials Mulling Land Purchase The Township Supervisors debated whether to look for property elsewhere or grab a lot which just went up for sale next to the existing municipal building on Oak Street.via
Rendell signs mortgage package (The Evening Sun) Gov. Ed Rendell signed a package of bills Tuesday to strengthen oversight of the state's mortgage industry and help ensure that homebuyers aren't susceptible to flimsy loans.read more...
We'll all likely feel sting of mortgage meltdown (Arizona Daily Star) Stupid lenders making stupid loans to stupid borrowers. You might think this sums up what the surge in mortgage foreclosures means to you. You would be mistaken.read more...
Some wary about Fed's latest hike The Federal Reserve lifted interest rates to the highest level in 41 2 years Tuesday but also indicated its 18-month rate-raising campaign was winding down.read more...
Housing Bubble Deflation Will Not Cause Recession While we know that certain parts of the country are watching the housing bubble deflate, overall the declines seen in the housing industry will not be enough to put the
The credit mess forced Countrywide Financial Corp., the nation’s largest mortgage lender, to borrow $11.5 billion Thursday, shocking financial markets already reeling from the growing credit crunch and threatening to make home loans harder to get. Countrywide said it borrowed the cash from a group…
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