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Bond sale could shake up mortgage Market (NorthJersey.com)  NEW YORK -- The Treasury Department's resumption of 30-year bond sales could have an interesting impact on the home mortgage market, with lenders offering more 40-year loans and maybe even


Calif. prosecutors indict 19 in mortgage fraud scheme (San Francisco Chronicle)  Federal prosecutors on Monday announced indictments in a mortgage scheme that victimized more than 100 homeowners and siphoned off nearly $13 million in home equity. Dozens of people in California


Defaults prompt Congress to rethink risky home loans  Congress is eyeing tougher standards for risky, higher-interest home loans made to people with blemished credit records as defaults surge and lenders to the so-called subprime market see their own


Give Shrubs a Head Start and Save Some Cash in the Bargain  A good time to plant bushes, trees and perennial flowers is during fall. Autumn also is a good time to shop for these plants, since garden centers and big-box stores


Council to revisit bidding rule  Two contractors who were shut out of bidding on two demolition jobs convinced the City Council to take another look at restrictive guidelines Monday night.via


Fire Destroys Ambulance Building and Supplies  Story by Steve Ring A fire destroyed a McDowell County Ambulance Authority building.via

October 22nd, 2007

70,000 buyers could lose their homes in mortgage crisis (Evening Standard)

As many as 70,000 homes could be repossessed next year as owners struggle to meet mortgage repayments, an expert warned yesterday.

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