For a quieter option, consider renting a house "We cater to people who say, 'We love Las Vegas, but we're tired of hotels. We want big-screen TV and a pool, and we don't want to be herded into
Existing Home Sales, Prices Off in Sept. In further evidence of a sharp slowdown in the once-booming housing market, sales of existing homes fell for a sixth straight month in September and the median sales price dropped
Decorating for a Shabby Chic Look Shabby Chic is a wonderful, casual, cozy, and comfortable style of decorating. You can use almost anything, paint it white, cover it with pastel colored prints, and voila! you have
Fed chief backs mortgage giants (Akron Beacon Journal) Associated Press WASHINGTON: Federal Reserve Chairman Ben Bernanke told Congress Wednesday that mortgage giants Fannie Mae and Freddie Mac are in ''no danger of failing.''read more...
Rell Signs Mortgage-Assistance Bill Into Law (Hartford Courant) Homeowners struggling to make mortgage payments could get some help from legislation signed into law Wednesday, as expected, by Gov. M. Jodi Rell.
SHOULD WE SURRENDER OUR ENDOWMENT MORTGAGE POLICY (Sunday Mail) MY wife and I are 56 and would like to retire at 60. We have an endowment mortgage of £23,500 due to end in 2014 but there is a chance
“The American dream is in peril for many families in this country as foreclosures rise and dreams shatter”
The House on Tuesday approved a plan to expand federal backing of mortgages in hopes of helping struggling homeowners avoid foreclosure.
The bill, which passed the House, 348-72, would allow the Federal Housing Administration, which insures mortgages for low- and middle-income borrowers, to back refinanced loans for tens of thousands of borrowers who are delinquent on payments because their mortgages are resetting to sharply higher rates from low initial ‘teaser’ levels.
The measure, which exceeds limits favored by the Bush administration, is Congress’ first stand-alone bill in response to the mortgage-market tumult of the summer, which came amid a rising tide of defaults and foreclosures. The Senate last week passed spending legislation that includes $200 million to provide aid to nonprofits and other groups that offer counseling and information to help homeowners avoid foreclosure. Read more
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