Mortgage rates at 15-month high (Detroit Free Press) Rates on 30-year mortgages rose this week to the highest level in 15 months while one-year adjustable rate mortgages climbed to the highest level in 4 1/2 years. Analysts expect
Existing-Home Sales Post Decline As Higher Interest Rates Deter Buyers In May, U.S. sales fell to a 6.67 million annual rate a slight decline from April's revised figure, the National Association of Realtors said Tuesday.read more...
10 indicted in alleged mortgage scheme (The Clarion-Ledger) HATTIESBURG ? The alleged ringleader of a mortgage flipping scheme contends bankers should have been charged in a federal indictment unsealed Thursday after a three-year probe.read more...
Does HUD owe you a refund on your old FHA mortgage? (CBS Market Watch) PALM BEACH GARDENS, Fla. (MarketWatch) -- Could you be among the thousands of homeowners due a refund on your Federal Housing Administration (FHA) home loan?read more...
Mortgage help advances (Denver Post) Profits from government-sponsored mortgage giants Fannie Mae and Freddie Mac, instead of taxpayers, would back up a home-loan rescue for up to 500,000 strapped borrowers under a plan approved by
Housing market recovery 'likely' this year, realtors group says A recovery in the nation's housing market is "likely" this year, though problems in the subprime lending marketplace and unusual weather have posed challenges in assessing conditions, according to a
Posted: 7:17 AM- WASHINGTON —As mortgage-related turmoil weighs down the U.S. economy, members of Congress are considering a range of measures aimed at easing the current problems while also preventing such a crisis from recurring.
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