A trendy mortgage falls from favor The cheap mortgage that helped pump up the housing boom is finally in retreat. * * * At [one lender] option ARMs accounted for 29 percent of mortgage volume in
Federal regulators working with mortgage lenders as they voluntarily refinance risky loans (Naples Daily News) Federal banking regulators are giving lenders more flexibility when they restructure high-interest rate mortgages given to home buyers with poor credit. The effort by the Office of Thrift Supervision and
Four Little Fixes Small changes can help make your home a safer, healthier place to live. Here are a few inexpensive fixes recommended by the nonprofit National Center for Healthy Housing. Estimated
Five steps to prevent big mortgage trouble (Market Watch) NEW YORK (MarketWatch) -- Having mortgage troubles? You're not alone. According to data compiled by Equifax, mortgage delinquency rates hit an all-time high in the first quarter of 2007: 2.87%
KENNETH HARNEY: Mortgage fees get broader disclosure (Detroit Free Press) A seemingly arcane policy change by mortgage investor Freddie Mac sheds new light on issues of much broader concern for consumers: Do you really understand where the money is flowing
Mortgage Bankers Anticipate More Activity (The Memphis Daily News) The phone has been ringing nonstop for Sam Goff, mortgage loan originator for Evolve Mortgage and vice president of the Memphis Mortgage Bankers Assoc....read more...
For a glimpse of the risks that infected the mortgage business in recent years, consider a small slice of what happened at Freddie Mac, the giant home-loan investor chartered by the government to bring stability to the housing market.
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