Feds to lenders: Drop 'payment shock' loans Stop giving risky mortgages to people who won't be able to afford the payments in two or three years, federal regulators are telling lenders.read more...
Welcome to the Birmingham Post-Herald: Business Better brace yourself for a few surprises. Things like building codes, landscaping and what city folks call basic services tend to be open to an uncomfortable degree of interpretation once
Rising mortgage rates may spur riskier loans (MSNBC) Low interest rates have ensured that mortgage bankers had to do relatively little to attract new business in recent years. But this likely will change as borrowing costs rise and
50-year mortgages: low payments, low equity They're not much different from an interest-only loan and therefore not a good idea for many home buyers.read more...
Survey: D-FW at low risk for home price declines 11:03 Am CT "What the markets with the greatest risk of decline have in common is a history of price volatility: rapidly rising rates of price appreciation above the long-term average followed by
Local mortgage broker censured by state agency 08/20/06 (Dearborn Press & Guide) DEARBORN HEIGHTS - A Dearborn Heights man was one of six mortgage brokers barred from doing business in Michigan Aug. 11 following a decision by the Office of Financial and
“As soon as the stocks start to go in the opposite direction people rush to cover their gain”
Shares of home builders soared on Monday as a frenzy of short sellers bought stock to cover their positions, giving the overall housing stock index its greatest one-day gain in about five years. via Earth Times
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