Area mortgage brokers trying to stay afloat (The News-Herald) Labor Day could not have come at a better time for some area mortgage brokers and executives. In the midst of what many have termed the "mortgage mess," the annual
Woman faces 10 years for mortgage scam role (Daily Record) A 50-year-old woman who bought homes, luxury cars and boats with funds milked from a $2.7 million mortgage fraud pleaded guilty Friday to money laundering and faces up to 10
Raleigh Named Top City To Sell A Home "Moderate growth and disciplined building over the last five years prevented the market from developing a significant glut" Forbes.com has named Raleigh as the best city in the country
Nick the Webguy: Real Estate Websites Well, we're in a bad economy right now. One of the things that's being affected by that is the real estate market.read more...
Selling a home? We can help Warning : session_start(): The session id contains invalid characters, valid characters are only a-z, A-Z and 0-9 in /data/apache/htdocs/madison.com/live/mad/post/promotions/promotion.php on line 2 PROMOTIONS ...read more...
Subprime-lending index hit by latest mortgage-industry woes (Market Watch) NEW YORK (MarketWatch) -- Corporate bonds of subprime-mortgage companies sold off sharply Monday, after besieged New Century Financial Corp. said that its lenders are cutting off its credit lines, while
“The desires of consumers to want, want, want, spend, spend, spend it’s the fabric of our nation”
Americans are falling behind on their credit card payments at an alarming rate, sending delinquencies and defaults surging by double-digit percentages in the last year and prompting warnings of worse to come.
An Associated Press analysis of financial data from the country’s largest card issuers also found that the greatest rise was among accounts more than 90 days in arrears.
Experts say these signs of the deterioration of finances of many households are partly a byproduct of the subprime mortgage crisis and could spell more trouble ahead for an already sputtering economy.
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