Chat Plus
Real estate editor Maryann Haggerty and columnist Elizabeth Razzi respond to a question adapted from a recent online chat.
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Mortgage Hot Potatoes: Banks Try to Unload High-Risk Loans Lenders and Wall Street firms are trying to get rid of bad home loans, as more Americans fall behind on mortgage payments. read more...
Mortgage delinquency rate rises to 5.12 percent (Battle Creek Enquirer) The delinquency rate for mortgage loans on one-to-four-unit residential properties stood at 5.12 percent of all loans outstanding in the second quarter of 2007 on a seasonally adjusted (SA) basis,
Home Resales, Prices Decline Existing-home sales fell 0.4% during January the sixth monthly decrease in a row. The median home price was $201,100, down 4.6% from last year. read more...
Housing report fires warning on creative financing (Reg Req'd) Subprime loans have given millions with blemished credit records, who would previously have been denied a loan, the chance to buy a home, and interest-only and adjustable-rate loans are helping
Mortgage firm begins to cut its operations (Everett Herald) NEW YORK - American Home Mortgage Investment Corp., which raised fears this week that it may become insolvent, said Thursday it has stopped taking mortgage applications and is cutting most
30-year mortgage rate lowest in five months (The News & Observer) Rates on 30-year mortgages dropped sharply this week, falling to the lowest level in five months, as the government's dramatic takeover of mortgage giants Fannie Mae and Freddie Mac had