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Nightmare mortgage situation has a silver lining for beleaguered family (The Salt Lake Tribune)  Finances have been a bit tight for the Wagner family of West Jordan over the last two years. Jeremy and Lisa Wagner's first baby was


Treasury Yields at 6-Month Lows   Treasury bond prices surged Thursday, pushing yields to six-month lows following a sharp decline in a key regional manufacturing report.Commentread more...


Mold closes Rice Street Library (Reg Req'd)  Crews discovered mold in a heating and cooling system at the Rice Street Library on Thursday, prompting officials to shutter the building for a cleanup that could last a week.read


CIBC mortgage offers energy and cost savings (Investment Executive)  CIBC says its new Enviro-Saver mortgage gives Canadians an opportunity to improve the energy efficiency of their homes.read more...


Appraiser's Lawsuit Puts Lenders on Notice    Real estate appraisers have complained for years about demands from loan officers that they fudge and inflate numbers to allow mortgage deals to close. read more...


Freddie loses $151M in 1Q, CEO says mortgage damage is manageable, housing bottom not hit (Canadian Business)  Alan Zibel May 14, 2008 - 5:34 p.m. (AP) - Freddie Mac beat Wall Street's expectations in the first quarter, but the mortgage finance company didn't vanquish concerns about its

October 31st, 2007

Defaults up for homeowners holding mortgage insurance (The Philadelphia Inquirer)

Defaults by U.S. homeowners with private mortgage insurance rose 22 percent in September after house prices fell the most in at least six years, according to an industry report issued yesterday. The number of insured borrowers falling more than 60 days behind on their payments grew to 54,699 in September from 44,791 a year earlier, according to monthly data from the Mortgage Insurance Companies …

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