Foreclosures more likely, report warns As many as 2.2 million Americans with subpar credit could lose their homes through foreclosure over the next several years, a new report said.Commentread more...
GMAC Bank stores e-mortgages in Encomia Vault GMAC Bank has adopted Encomia's Vault module, an information technology system that is designed to store secure electronic mortgages on behalf of GMAC Bank.read more...
Interest-only puts you on the ladder, but will it bring you crashing down? First-time buyers could be forgiven for being a little over-optimistic when trying to get a foot on the housing ladder.read more...
Tax Break on Capital Gains Narrows Deep in the nearly 700 pages of the new housing bill is a complicated change in the tax code that could affect substantial numbers of people who purchase second homes
Mortgage stress levels could rise: study (AAP via Yahoo!Xtra News) The number of Australians afflicted with mortgage stress could swell by a third within six months even if interest rates don't rise, a debt researcher says.read more...
Your Money Matters: Dealing with Rising Mortgage Interest Rates (Hornell Evening Tribune) (ARA) - Many Americans are asking themselves what they should be doing in the wake of rising, and sometimes, fluctuating mortgage rates. It's an important question because for many Americans
When a mortgage broker steers a borrower toward a high-rate loan for which the broker collects a rebate from the lender, that payment is called a yield spread premium. When the broker does so without the knowledge of the borrower, that’s abusive.
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