Officials reach out to homeowners with mortgage troubles (Atlanta Journal-Constitution) New efforts at early intervention to prevent foreclosure will be launched next year, even as government and mortgage industry leaders negotiate in Washington whether to temporarily freeze adjustable rates on
Fitch Downgrades $14M in Mortgage Bonds (AP via Yahoo! Finance) Fitch Ratings downgraded $13.8 million in mortgage bonds sold by JPMorgan Chase & Co., the ratings agency said Friday. Fitch affirmed its rating on one class of bonds backed
Farmington Hills Mortgage Co. Raided (Detroit Now) Federal agents led a raid on Source Mortgage in Farmington Hills Thursday morning. Secret Service agents were among those involved in what may be a fraud investigation.read more...
GE says it's exiting U.S. mortgage business (Boston Globe) MORTGAGES: General Electric CEO Jeff Immelt says the international conglomerate will quit its U.S. mortgage business and sell off existing loans. The nation's mortgage industry has struggled in recent months,
Mortgage losses drive fee boost for borrowers (Seattle Post-Intelligencer) You know how the auto insurer raises your premium after an accident? Something similar is happening to mortgage fees. They're getting more expensive for a lot of people.read more...
Tower shuts mortgage fund (TVNZ) New Zealand insurance and investment company Tower said it will close a $242 million mortgage investment fund, after tighter credit markets made it uncompetitive.read more...
“They want to know the size of the house. Price is a big consideration.”
Home sales in the Northwest continue to slow down and as winter approaches, more and more houses will be sitting on the market longer. via KOMO-TV Seattle
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