Put a Lid on Rising Mortgage Payments (Benton Evening News) (ARA) - Do you have a balloon mortgage that is coming due or an adjustable rate mortgage payment that has been steadily creeping up as interest rates change?read more...
GE to sell subprime mortgage business (Milwaukee Journal Sentinel) General Electric Co. will get out of the subprime mortgage business, the company announced Friday as it reported a 10% increase in net earnings in the three months ended June
Consumers feel the pain of high prices As prices for just about everything increase, U.S. consumers are looking for ways to tighten the belt so they can afford necessities.read more...
Interview with Alex Stenback of Behind the Mortgage Interview with Alex Stenback of Behind the Mortgage December 22, 2005 Alex Stenback of Behind the Mortgage has a way of making real estate writing entertaining.read more...
Housing Market Showing Signs of Slowdown, Report Says By VIKAS BAJAJ Published: November 28, 2005 Sales of existing homes fell in October from their second-highest level ever the month before and the inventory of houses and condominiums on
Muskoka-bound crowd flocking to Blue Sky country The four-laning of Highway 11 and a surging local economy is paying some dividends in North Bay's construction sector.read more...
Americans’ percentage of equity in their homes has fallen below 50 percent for the first time on record since 1945, the Federal Reserve said Thursday.
Homeowners’ percentage of equity slipped to a revised lower 49.6 percent in the second quarter of 2007, the central bank reported in its quarterly U.S. Flow of Funds Accounts, and declined further to 47.9 percent in the fourth quarter – the third straight quarter it was under 50 percent. That marks the first time homeowners’ debt on their houses exceeds their equity since the Fed started tracking the data in 1945. Read more
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