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ABN Amro sells U.S. mortgage activities to Citigroup (USA Today)  Dutch bank ABN Amro Holding said Monday it will sell its U.S. Mortgage Group business to Citigroup (C) for an undisclosed amount.read more...


Ask Dr. Don: Keeping the house despite a divorce  Ask Dr. Don by Don Taylor, Ph.D., CFA * Bankrate.com Dear Dr. Don, I am in the middle of a divorce and must buy my ex-husband out of our home.read


Mortgage brokers face tighter restrictions (The Kentucky Post)  Gov. Bob Taft is expected to sign into law several new restrictions on mortgage lenders and brokers who specialize in high-interest loans to borrowers with low incomes or poor credit.read


How to Kick Out the Deadbeat in the Spare Bedroom   Q: At what point does a houseguest become a "lodger" requiring official eviction procedures to remove him? I rent a house from my landlord and have extra space, so


Foreclosures up over last year  The number of homes going to foreclosure in Tarrant County went back up from last month's dip, according to figures released Thursday by Addison-based Foreclosure Listing Service.read more...


Your Money Matters: Dealing with Rising Mortgage Interest Rates (Sleepy Eye Herald Dispatch)  (ARA) - Many Americans are asking themselves what they should be doing in the wake of rising, and sometimes, fluctuating mortgage rates. It's an important question because for many Americans

February 6th, 2008

Speculators May Have Sped Up Housing Downturn

The number of people who bought homes as investments and then defaulted on mortgages is turning out to be much greater than previously believed.





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