Housing cost skews Bay Area inflation figures The median price of a house in the Bay Area has risen 36 percent over the past two years, according to Dataquick.via
Many Benefit If Fed Halts Rate Hikes The Fed Says an End to Interest Rate Hikes May Be Near, Cheering Debtors and Small Businesses Homeowners with adjustable rated mortgages may be looking to lock in fixed rates
U.S. moves to soothe nervousness on Wall Street over mortgage woes (International Herald Tribune) Concern mounted that Washington may be forced to take over two government-sponsored mortgage finance companies to avoid a broader financial crisis.read more...
Bank accuses local mortgage broker of fake-loan attempt (BizJournals) A complaint filed June 8 by an Alabama bank claims a group of Cincinnati- and Florida-based businesses and individuals, led by Kenwood mortgage brokerage Groves Funding, owes the bank $5.2
Private mortgage insurance regains popularity (Tribune Chronicle) NEW YORK ? Private mortgage insurance is making a comeback. Until six or eight months ago, private mortgage insurance was out of favor as people eager to get into the
Mohave Daily News: Business At least two out-of-state banks are offering home mortgages to illegal immigrants in metropolitan Phoenix, and others are likely to follow, according to a recent report by the National Association
Shares of mortgage real estate investment trusts dropped Monday as the broader market fell into volatile trading on worries over JPMorgan Chase & Co.’s government-backed buyout of Bear Stearns Cos.
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