AXA freezes mortgage fund (Otago Daily Times) AXA NZ has suspended redemptions from its Mortgage Backed Bonds fund by institutional investors. The fund has $229 million in funds under management and invests in first-ranking mortgages over New
GreenPoint Mortgage Renews Contract for Fidelity's Mortgage Servicing Platform (PR Newswire via Yahoo! Finance) Fidelity Information Services , a division of Fidelity National Financial, Inc. , announced that GreenPoint Mortgage Funding, Inc. renewed its contract for Fidelity's industry-leading mortgage servicing package .via
Couple charged with fraud when big-ticket home goes unfinished A Pullman couple who run a construction company were arrested this week on charges of fraud for failing to complete construction of a home worth more than $1 million.Commentread more...
Mayor bailed out by trust In November, Mayor Mark Abbott faced foreclosure on his home. Abbott had missed his mortgage payments since August, and owed $172,593.11 to Citimortgage Inc.read more...
Katrina's winds likely to batter economy (Reg Req'd) WASHINGTON - Hurricane Katrina is sure to leave behind higher gasoline prices, strain the home-building sector and stretch insurers.read more...
Parma homeowner uses 'short sale' to get out of mortgage (The Plain Dealer) It took some doing, but Chuck Gumina is selling his Parma home and is getting out from under an interest-only mortgage he cannot afford. Wells Fargo Bank has agreed to
Some in the real estate industry, seeing fewer parking lots downtown and fewer parcels of land elsewhere, worry that the District will soon run out of land on which to build.
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