Mortgage Insurers Adopt Stricter Underwriting Standards
People who have trouble scraping together a down payment may find it harder to purchase a house as mounting losses hit the mortgage insurance industry.
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Area men get probation for mortgage fraud (The Business Journal of Kansas City) U.S. District Judge Scott Wright on Wednesday sentenced two area men to three years of probation, including six months of house arrest, for their roles in a scheme to defraud
IAC Loses $369.9M on Mortgage Woes (AP via Yahoo! Finance) Barry Diller's IAC/InterActiveCorp reported Wednesday that it lost $369.9 million in its fourth quarter, due to higher taxes, difficulty in its mortgage referral unit and costs for proposed spinoffs
Don't let the Parade pass you by This is the last weekend to see the latest in home building and interior design at the Countrywide Parade of Homes at Legends Ridge in Franklin.read more...
HOEPA trigger adjusted for 2006 The Federal Reserve Board yesterday approved an increase to $528 in the fee-based trigger for added disclosures under the Home Ownership and Equity Protection Act beginning next Jan.read more...
Dream of Home Ownership is Disappearing, says Swan "The four interest rate rises since John Howard promised to keep interest rates low has really hit housing affordability" The dream of home ownership is slowly disappearing for many
Interest-only loans not the way to go Q: My wife and I are in the process of buying a new home. We are considering using either a traditional 30-year mortgage or using an interest-only loan.via
February 17th, 2008
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