Types Of Bankruptcy

The Hyperion(R) Strategic Mortgage Income Fund, Inc. Dividend Declaration May 4, 2007 (SYS-CON Media)  The Board of Directors of the Hyperion Strategic Mortgage Income Fund, Inc. (the 'Fund') (NYSE: HSM) declared a monthly dividend of $0.090 per share, payable on May 31, 2007 to


Wachovia quits offering risky mortgage loan (AP via Yahoo! News)   Beleaguered consumer bank Wachovia Corp. said Monday it will quit offering a mortgage payment option that allows borrowers to pay less each month than the bank charges in interest.read


Japan Real Estate Shares Drop After Bank Mortgage Rates Raised (Bloomberg.com)  July 2 (Bloomberg) -- Japanese property developer stocks fell, led by Mitsubishi Estate Co., after the country's largest bank raised interest rates on fixed-rate mortgages. Higher mortgage rates may damp


Mortgage industry looks to minorities (Houston Chronicle)  Rising interest rates that slow down loan refinancing will free the mortgage industry to expand minority and immigrant lending as a key business, but borrowers must be placed in suitable


Rostraver library construction nears  If all goes as planned, the new Rostraver Township Library will be built before year's end.read more...


AUGUSTA Office park idea topic of meeting  The Planning Board will hold a public hearing tonight on an 18-lot office park proposal submitted by the Central Maine Commerce Center.read more...

December 24th, 2007

Renting is half the cost of buying a house

“On an annual cashflow basis, excluding capital gains, renting is now typically half the cost of owning”

The cost of renting a house or apartment is now typically half that of buying a house despite average rents rising more than 7 per cent in the last year, according to a Massey University study released … via The Press On-Line



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