Regulators hit backloaded mortgages Federal regulators found serious problems with backloaded mortgages that enabled buyers to buy high-priced homes in Washington and other booming markets, after examining the portfolios of six huge banks that
Small Chest Was Used in the Kitchen Recently we went to a large auction and noticed a small chest of drawers, about 24 inches high by 20 inches wide. It had six labeled drawers: spice, pepper, ginger,
Mortgage takes biggest chunk of take-home pay in 17 years as housing affordability plummets (Evening Standard) House affordability is now at its lowest level since 1996 with many people now forced to spend 51 per cent of their take-home pay on their mortgage.read more...
Reversal of Abbey mortgage rates (BBC News) Abbey has reversed recent cuts in mortgage rates, as it and the Woolwich raise the prices of some new deals.read more...
Mortgage loan agent sees trends, rewards (South Bend Tribune) Judith Reimbold, assistant vice president and mortgage loan originator with MFB Financial in Mishawaka, has a day planner filled with residential client meetings for loan prequalifications and closings. Reimbold spoke
Despite crackdown, unlicensed mortgage lenders persist (Everett Herald) Concerned about mortgage fraud and predatory lending practices, many states have toughened their laws by requiring loan officers or originators to undergo extensive background checks and show proof of professional
The mortgage crunch has hit home. People who just a few months ago would have been able to buy without a down payment or even proof of their income now find that’s no longer possible. Many have dropped out of the market. Other buyers have to pay more for their loans as interest rates climb.
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