Washtenaw Group sale falls through; Washtenaw Mortgage subsidiary to stop writing loans immediately (Crain's Detroit Business) The Ann Arbor-based Washtenaw Group Inc. (Amex: TWH) announced Tuesday that a proposed sale to a Cincinnati company has fallen through and that its Washtenaw Mortgage Co.read more...
Rebuilding could create shortages As the victims of Hurricanes Katrina and Rita ponder how to rebuild their shattered lives - and homes - contractors and consumers in Greater Cincinnati and Northern Kentucky are concerned
North Carolina real estate sales pick up (Reg Req'd) Coastal markets begin to stabilize in May Home sales in Charlotte, N.C., rose 14 percent during the last year, and the average sales price gained 6 percent to $219,180. Existing-home
Foreclosure fears? Get answers from mortgage lenders at forum (Detroit Free Press) Michigan Attorney General Mike Cox along with 18 mortgage lenders will host a community forum Dec. 13 to help people avoid getting their homes foreclosed.read more...
Katrina may have flooded banks, but deposits are secure (Reg Req'd) Southern financial institutions said they are working to give customers in areas affected by Hurricane Katrina access to their money.read more...
30-Year Mortgage Rates Rise to 6.8% Rates on 30-year mortgages rose this week to the highest level since the spring of 2002. read more...
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 experience and training. Still, attracted by the lucrative mortgage business, many …
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