The curse of U.S. mortgage crisis reaches northern Norway (International Herald Tribune) Narvik, a remote Norwegian seaport, and three other Norwegian municipalities have lost about $64 million, and potentially much more, in complex U.S. securities investments that went sour.read more...
S.KOREAN MORTGAGE RATES LOG HIGHEST RISE IN TWO YRS ON RATE HIKE (Asia Pulse via Yahoo! Australia & NZ Finance) Statistics The interest rate on mortgage loans in South Korea soared by the highest margin in two years in October as
Lloyds TSB raises mortgage rates as home loans plummet by 95% in ONE month (Daily Mail: World News) Mortgage rates continued to climb today with Lloyds TSB becoming the latest lender to announce a hike in the cost of its home loans.read more...
Luminent Mortgage names new CEO (Philly.com) Luminent Mortgage Capital Inc., a Philadelphia firm that invests in residential mortgage securities, named one of its directors, Zachary H. Pashel, president and chief executive officer.read more...
Homeowners May be Forced to Save Water "When you sell your home, you'll have to produce the equivalent of termite letter that you produce now" Atlanta Mayor Shirley Franklin is calling Atlanta's drought situation a disaster.
Regulator: Mortgage giants still have big financial problems (The Clarion-Ledger) Fannie Mae and Freddie Mac have made progress toward correcting financial weaknesses, but tight government supervision is needed as the mortgage giants emerge from accounting scandals, a federal regulator said
Although some economists are concerned about homeowners’ rising debt burden especially in high-cost, high-inflation markets, a new study suggests that those worries may be misplaced. Homeowners in “bubble markets” such as metropolitan Washington, California, Nevada, New England and the mid-Atlantic region are more likely to pay their mortgages on time than homeowners in parts of the country with lower housing inflation rates.
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