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Mortgage default notices are rising (The Sacramento Bee) More people across the state and capital region are on a track to lose their homes after missing at least two consecutive mortgage payments during April, May and June than
Mortgage lending stays at record level (Financial Times) Mortgage lending by banks equalled its previous record level in July, underscoring the robust state of the housing market before this month's decision by the Bank of England to raise
Mortgage turmoil hits U.S. bank jobs (Toronto Star) NEW YORK ? Bear Stearns Cos., the nation's fifth-largest investment bank, on Wednesday said it will cut 4 percent of its staff in further fallout from the summer's mortgage turmoil.read
Developers Accused of Stealing Millions in a Mortgage Fraud (New York Times) Two real estate developers accused of bilking dozens of people out of more than $27 million in an elaborate mortgage fraud scheme were arrested yesterday.read more...
American Home Mortgage Files Chapter 11 (ABC News) The company is the latest causality of the nation's mortgage woes.
Homebuyers can avoid three common, yet costly mistakes when purchasing a new home, says the Real Estate Adviser.
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