House votes to expand mortgage coverage (CNN Money)
Bill would allow the Housing Administration to back refinanced loans for borrowers whose mortgage rates have increased sharply from low ‘teaser’ rates.
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Mortgage rates rise 2 weeks in a row (Fort Wayne Journal Gazette) WASHINGTON ? Mortgage rates around the country rose for a second straight week with 30-year mortgages hitting the highest level since late February.read more...
Rate Trend Index -- Mortgages Each week, Bankrate.com surveys experts to gauge which way interest rates are headed on mortgages -- a vital tool if you're about to buy a home.read more...
QBE buys mortgage insurer for $1bn (The Australian) QBE Insurance is set to become the biggest mortgage insurer in Australia after securing a deal to buy PMI Mortgage Insurance for more than $1 billion.read more...
BofA picks insider to run mortgage business (The Charlotte Observer) Bank of America Corp. reversed its decision to put Countrywide Financial Corp.'s president in charge of mortgage operations after the two companies merge this summer. Instead, the Charlotte bank
Greensboro beats out Atlanta, Detroit and Kansas City for increase over the past year. A growing number of people in Greensboro can't pay their mortgage. Forbes magazine says the city has seen the highest increase in foreclosures in the country.read more...
HouseRaising sees start of payoff from strategy John Downey Public-company startup HouseRaising Inc. closed on its first custom home last month and has others worth $3 million under construction.read more...