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Reduce debt with regular payments  Q: We owe $136,000 on our house, which we purchased in March 2004, and have a 30-year fixed mortgage rate of 5.25 percent.read more...


Mortgage Group Pays Lobbyist $1.14M (AP via Yahoo! Finance)   The mortgage insurance industry's trade group paid a lobbying firm $1.14 million in 2007 to advance its position on legislation dealing with the housing market slump and mortgage mess.read


Lehman Brothers 1Q profit up 5.6 percent  The headquarters of Lehman Brothers, Wall Street's fourth-largest investment bank, is shown Jan.Commentread more...


Hiring An Interior Designer  Whether you want to redo your bachelor pad or are moving into a new house that requires major renovations, you know when it's time to call in an expert.via


Painful ARM Twisting: Resets of adjustable mortgages will leave costly stretch marks  It is becoming increasingly obvious that financial advisers, real estate experts and parents will someday point to what is happening in the mortgage market today and use it as a


5 injured in N.Y. building collapse (Reg Req'd)  A 7-month-old girl was among five people pulled from the rubble early yesterday after a former supermarket under demolition on the Upper West Side collapsed, sending concrete and steel debris

June 9th, 2005

Home Affordability in L.A. Falls in April

The number of people who could afford to purchase median-priced homes in the Los Angeles region decreased sharply in April from the year-earlier period, the California Association of Realtors said.

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