Lehman Cuts Prime Mortgage Lenders on Default Risks (Update1) (Bloomberg.com) March 5 (Bloomberg) -- Lehman Brothers Holdings Inc. reduced its investment rating on U.S. mortgage companies including Countrywide Financial Corp. because a surge in loan defaults is showing evidence of
More reports of house price falls House price falls are picking up pace with a record number of chartered surveyors reporting a drop in the cost of property during March, figures show. via Boston Today
City Hall Workers Prepare to Return to Building Jackson City employees will go back to work in their newly-renovated building. Jackson voters approved a 10-million dollar bond proposal to re-work City Hall.read more...
Mortgage Rates Reach 4-Year High (WSB-TV 2 Atlanta) Mortgage rates take back last week's drop.read more...
Why Mortgage Life Insurance is Not a Good Idea (Derby Daily Reporter) (ARA) - If you've recently taken out a mortgage, brace yourself for the onslaught. Before you even finish unpacking, your mailbox will likely be filled with offers for all kinds
Meeting held to discuss prison corridor A meeting of the Goshen County Commissioners was held on Wednesday at the Goshen County Courthouse to discuss the corridor for the new prison.via
The housing downturn initially described as a market correction after a three-year boom turned into a full-fledged meltdown in 2007, when Wall Street investors spooked by rising default rates shied away from mortgage-backed securities.
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