Developers expected to plead guilty in mortgage fraud case (KARE 11 Minneapolis-St. Paul)
A longtime home builder, his wife and son-in-law are preparing to plead guilty for their roles in an alleged mortgage fraud scheme that
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Illinois home sales off slightly, but prices are up First-quarter home sales in Illinois dipped slightly below the hot year-ago pace but prices continued to rise, according to the Illinois Association of Realtors.via
Mortgage rates back above 6% (bizjournals.com via Yahoo! Finance) Mortgage rates at Hawaii banks returned to the 6 percent level and above this week, with most lenders an eighth higher than that.read more...
IndyMac's Profit Up on Higher Mortgage Output (Los Angeles Times) IndyMac Bancorp Inc., which runs one of Southern California's largest savings and loan associations, said fourth-quarter profit rose 29% as mortgage production surged to a record.read more...
Beware the mortgage carrot (Daily Telegraph) With mortgage rates certain to go up, the offers being dangled in front of us by some lenders seem irresistible. But don't be beguiled by the juicy headline rate, warns
Calif. Mortgage Foreclosures On The Rise (CBS 2 Los Angeles) Mortgage foreclosures are on the rise as borrowers failed to keep up with loan payments, with California suffering from some of the highest rates.read more...
Treasurys end higher, yield curve flattens after data Treasurys gained as the closely tracked yield curve got even flatter Thursday, after fresh U.S. data showed a favored inflation gauge was within the Federal Reserve's comfort zone.read more...