O.C. mortgage defaults spike 83.6% for 2nd quarter (Orange County Register) Statewide rates also jump but remain historically low. The number of Orange County homeowners who missed mortgage payments spiked in the second quarter, a report released today shows.read more...
American Association of Individual Investors If you have been buying individual municipal bonds, and if you have access to the Internet, you are probably familiar with the Web site InvestinginBonds.com . This is the official
Adjustable-rate mortgage holders worry (Columbus Ledger-Enquirer) The future is gnawing at homeowner Scott Klimek. Will the interest rate on his adjustable-rate mortgage go up? Will he be able to afford the monthly payments if it does?read
Ask AP: Mortgage insurance, taxing Social Security benefits (AP via Yahoo! News) It sounds like a foolproof system for lending institutions: When someone's house is mortgaged to the hilt, the borrower has to get mortgage insurance, protecting the lender in the
VHDA offers extra mortgage insurance (Richmond Times-Dispatch) The Virginia Housing Development Authority is providing an extra layer of mortgage insurance at no extra cost to first-time home buyers. The insurance covers as much as $2,000 in monthly
Future looking up for family's home The jacks were in place. The steel beams were secured underneath the first and second floors.read more...
WASHINGTON (MarketWatch)—Wall Street shares the blame for the subprime mortgage crisis and should get behind voluntary proposals to shield working families from a rising tide of foreclosures or face the prospect of a legislative crackdown, Democratic presidential frontrunner Sen. Hillary Clinton said Wednesday.
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