Schwarzenegger approves $1.75M for rent, mortgage payments (KESQ) SACRAMENTO (AP) - Governor Schwarzenegger has authorized 1.75 million dollars in emergency funding to help people affected by last month's freeze pay their rent, mortgage and utility bills.read more...
Bankers link bill to credit 'crisis' Montgomery County residents are facing a "credit crisis" in which they may not be able to obtain home-equity loans or may have trouble buying and selling a home, an industry
Market Values read more...
Mortgage crisis tops list of year's top 10 news stories in Bay Area (San Francisco Chronicle) A lot of newsworthy events happened over the past year, but the biggest stories of 2007, according to the Chronicle's year-end reader poll, were the subprime mortgage mess; the wayward
Real Estate Q&A: Mortgage protection for senior borrowers (The Charlotte Observer) Senior borrowers stand to benefit from new interest rate "locking" on reverse mortgages. They'll receive more money if rates dip before closing, according to the National Reverse Mortgage Lenders Association,
Man to be sentenced in mortgage scam (The Clarion-Ledger) Edward Young will be sentenced today in federal court in a multimillion-dollar mortgage fraud scheme.read more...
In what authorities say is a symptom of the excesses in the subprime mortgage market, 15 people are charged with fraud involving at least nine homes valued at more than $4 million.
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