A Subpar Plan to Save Subprime Borrowers
How timely that just as President Bush was announcing a deal to help homeowners struggling with their mortgage payments, new data were released showing that foreclosure starts set a new record.
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Subprime Mortgages Will Return, But With Some Changes Although 'subprime' has become a four-letter word in our collective lexicon, bankers say these types of loans will make a comeback. read more...
4 Bay Area Men Face Mortgage Fraud Charges (The Tampa Tribune) Three businessmen and a Sarasota lawyer have been charged with participating in an $82.8 million mortgage loan fraud, a scheme which defrauded seven banks, the U.S. Attorney's Office said this
NAR Pending Home Sale Index Weakens, But Still Nearly At Record Levels Since we are in a changing market, it is also important to look at price indicators that are closer to the point where the "meeting of the minds" occurs between
African-Americans badly treated in mortgage crisis (Calcutta News) African-Americans snared in the U.S mortgage crisis have seen the American dream turn into a nightmare.read more...
A'dale Puts CRA Details On 'Net read more...
Falling affordability hurts home building "The situation is more positive elsewhere in the industry" BUILDERS face mixed conditions in Australia, with the home-building sector particularly weak, a leading indicator shows. via The Age read