Sensing the Shape Of Things To Come There is a popular saying in Russia: "The way you meet the New Year is the way you'll spend it." Nobody knows if this is particularly true but involuntarily we
Rate increase makes saving attractive A growing number of mainland residents plan to increase their savings as opposed to increasing spending, a quarterly survey conducted by China's central bank suggests.read more...
Mortgage fraud targeted by panel: Task force formed to combat rampant scam in state. (South Bend Tribune) Indiana officials, recognizing the state as a hotbed for mortgage fraud, have launched several initiatives to crack down on the fast-growing crime.read more...
UPI NewsTrack Business The U.S. gross domestic product grew just 3.1 percent in the first quarter of 2005, the slowest growth in two years and below expectations.via
Mortgage Brokers: The salesman factor (CNN Money) In the next five years, 1.4 million Americans will see their mortgage payments more than double. Already, half a million homeowners are 90 days behind on their payments. Foreclosure rates
OFHEO Outlines Plans For Declining Conforming Loan Limits These limits determine the maximum size of a mortgage that Freddie and Fannie can buy or guarantee.Commentread more...
President Bush’s proposals to help shore up the ailing mortgage market are at the center of a debate in Washington over how far government should go to help borrowers who got in over their heads. By MSNBC.COM’s John W. Schoen.
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