HUD Program Moving Tenants to Homeownership Karen Martin seems like an unlikely homeowner. Even she admits that. The school bus driver grew up in Marietta public housing projects and raised three children there.read more...
Custom Home Builders Go Out of Business More Often Than You Think CNBC has an interesting video on the custom home builders, and the difficulties that they go through.Commentread more...
Housing slowdown hurting builders, mortgage brokers (BizJournals) The real estate and mortgage industries continue to feel the pinch of a slowing housing market as July saw Phoenix-area sales activity reach its lowest point in seven years.read more...
Eleven indicted in straw buyer mortgage scheme (Reuters via Yahoo! News) Eleven people accused of participating in a $14 million mortgage fraud scheme were indicted in Federal court in Brooklyn on Wednesday, the U.S. attorney's office said.read more...
Boost credit score before shopping for a mortgage (Seattle Times) It's more important than ever to make sure your credit score is in good shape if you want to qualify for a mortgage and take advantage of a cooling market.read
Mortgage brokers scramble to stay in business, win public confidence (Asbury Park Press) Mortgage brokers who haven't fled or been forced out of the industry are in survival mode.read more...
Treasury Secretary Henry Paulson said stronger regulatory oversight of mortgage lenders is needed to avert a credit crisis. But Wall Street found little solace in his comments: the Dow Jones industrials fell 200 points Thursday morning.
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