Fairfax Makes It Pay to Stay
Fairfax City is attempting to lessen the move-or-improve quandary that many homeowners face when their residences no longer fit their needs.
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Patrick seeks crackdown on mortgage fraud, enhanced oversight (Boston Globe) Gov. Deval Patrick, reacting to record numbers of people losing their homes, called Wednesday for the criminalization of mortgage fraud, better tracking of foreclosures, and a public education campaign for
Paid-off mortgage boosts credit score (Bankrate.com via Yahoo! Finance) A paid-off mortgage will continue to boost your credit score -- but not forever, says the Debt Adviser.read more...
UBI offers reverse mortgage at 10% (The Economic Times) Following clarification from govt on tax treatment, UBI has decided to offer reverse mortgage scheme to its customers at competitive rates. The bank has decided to charge 10% and maintain
Mortgage rates rise 3rd straight week The benchmark 30-year fixed rate nosed up tyo 6.25 percent in Bankrate's weekly survey of large lenders.read more...
Housing prices up, but sales go down (Reg Req'd) Bay Area housing costs advanced in August, but sales declined for the second consecutive month and many observers believe the long-running price ascent will soon slow or reverse.read more...
Mortgage broker sentenced to 10 more years for his mortgage fraud scheme Attorney General J. Joseph Curran, Jr. announced today the conviction and sentencing of Michael Dudley Leppert, 42, a former resident of Baltimore County and Baltimore City, for felony theft.via