Local Home Foreclosures on the Rise
Caprise Coppedge, a housing counselor in Prince George’s County, used to work with maybe one person a week who was struggling to make a mortgage payment.
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Foreclosure risk rises with ARM teaser rates Those with adjustable rate mortgages that have teaser rates below 2.5 percent carry the biggest chance of losing their homes.read more...
Housing project now affordable Lacombe Globe -- A $1.4-million provincial grant has given new life to a long-planned affordable housing project in Lacombe.read more...
Sun adds value to this house An organization that provides affordable housing to families with low and moderate incomes is building a house in Tamaqua that will let its owners stretch dollars even further.Contractors for
Thornburg Mortgage Faces Margin Calls (AP via Yahoo! Finance) Thornburg Mortgage Inc., a mortgage lender, said Thursday it has been the subject of margin calls on a portfolio of securities backed by alt-A mortgages.read more...
June mortgage approvals rise (Reuters.co.uk) LONDON (Reuters) - Mortgage approvals rose to their highest level in five months in June although growth in credit card lending slowed sharply to its weakest pace in nearly 12
In 'Paper Subdivision,' One Owner Finds an Oasis HOLOPAW, Fla. -- A subdivision that never came to be is the perfect place for Richard Lawrence to hunt and relax. read more...