Mortgage of the Week (Mortgage Introducer) Halifax is offering a fixed rate deal until the 31 December 2008, at a rate of 4.79%, reverting to the standard variable rate for the remaining term of the mortgage,
First local lender falls victim to sluggish mortgage industry: Santa Cruz Mortgage shuts down (Santa Cruz Sentinel) SANTA CRUZ ? After 26 years in business, Santa Cruz Mortgage has suspended operations indefinitely, caught up in crisis in the wake of risky loans gone sour.read more...
Durable goods sell best when property is buoyant ss Britons are two to three times more likely to buy durable goods when they move home, suggesting big changes in housing turnover could alter the outlook for spending, a Bank
Mortgage Ditech.com Visit the official site of Ditech.com to get fast and easy mortgage solutions with a rate and fee guarantee.read more...
Walnut Creek slaying charged to Martinez man "It's my belief that Joshua saved his mother's life by holding that door closed" Walnut Creek Police stand in front of a home on Boulevard Way where they found
TV's leslie segrete coming to women's expo to offer tips on home decorating When 'While You Were Out' ace carpenter Leslie Segrete bought a new house a few years ago, she spent two weeks rushing around painting everything in sight.Commentread more...
“The problem is some of these mortgages were just phenomenally bad”
Could the housing market’s woes spread to bonds held in mutual funds by millions of ordinary investors?
Some experts and hedge fund investors who have made big bets that the mortgage crisis will worsen are saying that’s exactly what will happen. Some bond funds that invest in riskier short-term debt already have been whacked by soaring default rates on bonds backed by subprime loans made to borrowers with weak credit.
Critics charge that Standard & Poor’s, Moody’s Investors Service and Fitch Ratings routinely give triple-A ratings the safest rating there is to far too many mortgage-backed bonds backed by subprime home loans. Read more
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