Sector Snap: Mortgage Lenders (AP via Yahoo! Finance) Shares of mortgage lenders mostly fell Wednesday afternoon in the aftermath of Freddie Mac's $2 billion loss. The big loss by the federally-charted mortgage lender squelched hope that government-sponsored
Yuan's revalue may slow housing market (Reg Req'd) China's decision to revalue its currency caused interest rates to jump Thursday and cast a shadow over a super-heated housing market that has been bolstered by relatively affordable loans.read more...
Mortgage delinquency increases (Detroit News) Soaring housing prices and aggressive mortgage lending have saddled home buyers with ever greater levels of debt, and early signs are now emerging that more people are unable to keep
Mom, daughter accused in $40M flip con A lawsuit charges a Martinsville, Va., mother and daughter of bilking their friends of at least $40 million in fraudulent mortgages.Commentread more...
Loan plan stirring foes Illinois is poised to become the second state in the country to help undocumented immigrants buy homes, even as critics seek to overturn a similar program in Wisconsin.read more...
Little-Known ARM Puts Mortgage Industry At Risk (Multi-Housing News) New York--Forget criticizing the traditional ARM's role in the subprime mortgage crisis; mortgage bankers, industry experts and nonprofit officials say that the effect from a rarely discussed loan called the
Jan. 4 (Bloomberg)—The risk of Australian companies defaulting rose to a record after two of the nation’s biggest banks increased mortgage rates because of higher funding costs.
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