Wall Street’s Mortgage Troubles (AP via Yahoo! Finance)
For the mortgage industry, Wall Street’s big investment banks might seem like one of those friends who disappear when the going gets tough.
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Mortgage Rates Dip Again (AP via Yahoo! Finance) Rates on 30-year mortgages dipped slightly this week, the fifth decline in the past six weeks. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 5.67
Real estate agent banned for $100,000 mortgage scam (Stuff) A real estate agent found to have been the driving force behind a $100,000 mortgage scam has been banned from the job.read more...
Groups says foreclosures on subprime mortgages rising sharply Foreclosures of subprime mortgages are expected to rise sharply in coming months, with nearly one in five subprime borrowers at risk, a consumer advocacy group said in a new report.Commentread
A New Way to Tap Home Equity Improbable as it sounds at a time when U.S. homeowners have lost billions of dollars in equity, an industry is taking shape to help them tap portions of their
Mortgage crisis a boon for banks (Atlanta Journal-Constitution) Now that the mortgage crisis has forced several high-profile lenders out of business, would-be homebuyers are banking on, well, banks to give them loans. The boomerang back to old-fashioned lenders
Talk openly about money with kids (Reg Req'd) Mostly through trial and error, typical young adults gain the knowledge of how to enjoy alcohol wisely.read more...