Metro area foreclosures climb 36% Metropolitan Indianapolis' sky-high pace of home foreclosures continued last year as lenders took back about 27,500 houses -- almost 36 percent more than in 2005.Commentread more...
Where Rules Are Few and Water Views Are Many Gunston Manor was once a rustic community with "no trespassing, firearms in use" signs. Today, as Peter Weyland, a 31-year resident, entertains neighbors on his multilevel deck overlooking the
U.S. Stocks Decline on Mortgage Concern; Bear Stearns Falls (Bloomberg.com) June 22 (Bloomberg) -- U.S. stocks retreated after a plan by Bear Stearns Cos. to bail out a money-losing hedge fund spurred speculation that losses in mortgage bonds are worse
Mortgage brokers face tighter restrictions (The Kentucky Post) Gov. Bob Taft is expected to sign into law several new restrictions on mortgage lenders and brokers who specialize in high-interest loans to borrowers with low incomes or poor credit.read
Subprime Market's Sinking Fortunes Is a blowout taking shape in the impaired-credit mortgage market? read more...
a la mode Mortgage XSites Users to Have Access to Borrowers' CBCInnovis Credit Report as a Prequalification Tool Right (SYS-CON Media) Thousands of Mortgage XSites users, including mortgage brokers, loan officers and other lending professionals, now have instant access to a prospective borrower's credit report from CBCInnovis early in the application
Homeowners are about to get black-and-white documentation of the latest changes in their property values. Because of the varying ways local governments go about valuation, don’t be surprised if your home is still assigned a high value despite the sluggish housing market.
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