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A Lure to Dubai: Celebrity Endorsers  Property developers in the United Arab Emirates are increasingly turning to American and European celebrities to help sell grandiose properties to wealthy consumers.read more...


Mortgage Rates Highest Since 2002 (CBS News)  Freddie Mac reports that mortgage rates are now at the highest level since 2002. Some economists fear that the rise could sharply deflate the housing boom, but Federal Reserve Chairman


Why Mortgage Life Insurance is Not a Good Idea (Kewanee Star Courier)  (ARA) - If you've recently taken out a mortgage, brace yourself for the onslaught. Before you even finish unpacking, your mailbox will likely be filled with offers for all kinds


State targets mortgage fraud (The Arizona Republic)  A wave of mortgage fraud in the Valley has prompted state legislation that would define it as a crime punishable by up to 10 years in prison. {b}Mortgage fraud defined


Dundee Will Charge Storm Water Fee  DUNDEE | The Town Council put a price tag for residents - $13.20 - on a 14-year-old storm water funding program to pay for drainage and water quality projects. read more...


Ahead of the Bell: NY Mortgage Probe (AP via Yahoo! Finance)   New York State Attorney General Andrew Cuomo is scheduled to unveil what his office called "a major development in his ongoing investigation of the mortgage industry" at 11 a.m.

January 24th, 2008

When A Mortgage Turns Upside Down (CBS News)

What happens to the mortgage on your home when the housing market slumps and the interest rate fluctuates? It can go “upside-down.” Cynthia Bowers explains in the latest in the series “Hitting Home.”

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