Regulators tell banks to explain mortgage risks to borrowers (NewsChannel 10 Amarillo) WASHINGTON While the standard 30-year, fixed-rate mortgage may be pretty simple to understand, there are all sorts of nontraditional programs out there that aren't.read more...
Housing and Jobs From CNNMoney: Working on the housing boom . The sector is cooling, finally. Now, a debate is raging over whether the employment market will prevent a implosion.read more...
Freddie Moves Toward Stock Sale Freddie Mac is considering raising capital by selling as much as $10 billion in new shares to investors. The move would have the potential to avoid a full-blown government rescue
SEC to review role of Moody's, S& P, Fitch credit rating agencies in subprime mortgage mess (Deseret Morning News) Federal regulators said Friday they are reviewing the role credit-rating agencies played in the mortgage market debacle for borrowers with weak credit.read more...
Three Homeless After Baldwin Fire A family of three is left homeless after a fire in Baldwin early Monday morning. via WPXI read more...
Mortgage Demand Slows Despite Lower Rates Even as interest rates declined, U.S. Mortgage applications fell for the third consecutive week to their lowest level since November 2003, according to the Mortgage Bankers Association.read more...
IndyMac Bancorp Inc. said Tuesday that it will close regional wholesale mortgage centers in Kansas City, Tampa, Philadelphia, Boston and Columbia, S.C., as a result of the continued downturn of the mortgage market.
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