A New Way to Tap Home Equity Improbable as it sounds at a time when U.S. homeowners have lost billions of dollars in equity, an industry is taking shape to help them tap portions of their equity
Concerns Mount About Mortgage Risks The latest lending data show the move toward alternative loans is more pronounced than previously thought.via
Rates hitting housing sector recovery The prospect of further interest rate rises was delaying the recovery of the residential building market, the housing industry's peak body said in a report.read more...
Police: Pa. men fire to home with mortgage woes (Centre Daily Times) Two northwestern Pennsylvania men are jailed on charges they set fire to their home to collect $120,000 in insurance money after falling behind on mortgage payments.read more...
Mortgage rates go down, then up again The benchmark 30-year fixed-rate mortgage rose 1 basis point, to 6.16 percent, according to the Bankrate.com national survey of large lenders.read more...
How to speed up mortgage payment schedule (Pioneer Press) Dear Mary: We owe approximately $30,000 on our home, and the percentage rate is 4.5 percent. If we do not pay any extra on the principal, we should have it
How timely that just as President Bush was announcing a deal to help homeowners struggling with their mortgage payments, new data showed that foreclosure starts set a record.
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