Back to basics for mortgage seekers (Deseret Morning News)
An abrupt shift back to the basics of mortgage lending has many house hunters nervous because several once-popular types of loans are disappearing.
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Refinancing a piggyback-mortgage loan (Bankrate.com) Dear Dr. Don, I recently learned that my credit union is offering a 100 percent mortgage available at a rate of 7 percent. I currently have an 80/20 mortgage on
High-risk borrowers risk default / Housing market braces for possible blow from rise in subprime mortgage foreclosures (San Francisco Chronicle) As home prices in the Bay Area stagnate and sales volume plunges, the next blow to the region's housing market could come from defaults among high-risk borrowers, some experts say.
Judicial annex air conditioner breaks, forcing workers to get out Susan Gay didn't bother to turn on the lights at her office Monday or open the blinds -- it was just too hot.read more...
Web mortgage lender: Customer service key (The Charlotte Observer) Keith Luedeman helped start goodmortgage.com in 1999, hoping to make the business of mortgage lending more efficient by going online.read more...
Steps taken to cool real-estate market The cabinet has decided to significantly tighten the rules regarding mortgage down payments and housing transactions, in a bid to cool down the country's over-heated property sector.read more...
Morgage lender ordered to pay Mich. customers restitution DETROIT _ Michigan's banking regulation office on Wednesday issued a cease-and-desist order against a troubled Connecticut-based mortgage lender that works primarily with people with poor credit.Commentread more...