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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High-risk, low-doc mortgage market smaller (The Age) The true size of the controversial low-doc mortgage market has finally been revealed, and it is much smaller than previous estimates of between $28 billion and $50 billion.read more...
Mortgage refinancing boosts market 15.8% to NIS 20.6b (Globes Online) The increase is because some banks reported the refinancing of mortgages as new credit. Discount Mortgage Bank CEO Anat Keinan: The refinancing of mortgages is almost over.read more...
Mortgage lending tumbles as credit crunch takes toll (The Herald) Mortgage lending plunged in December and is set to fall further, according to figures which will raise fresh fears about the scale of the damage that the global credit crunch
Russian economy outstrips U.S. mortgage crisis and declining dollar (Pravda) The outgoing year was a troublesome and even an extreme period for the global economy . Economic shocks that occurred during the year 2007 ? the U.S. mortgage crisis ,
Postwar neighborhood fights uphill battle Wick Dixon has lived in the Vinton neighborhood on Lafayette's north side for about 30 years.read more...
A Buyer's Market? Lenders Permitting Once upon a time, would-be home buyers had to outbid each other and forgo inspections to get the place of their dreams. Now, sellers are the ones making concessions.