Texas Bankruptcy Laws

Upside Down on Their Homes but on Top of Their Debts   Think of them as the walking wounded. They are the homeowners who are upside down on their mortgages -- owing much more than their home is now worth. But they're


Home Owners Have Financial Protections  Last of four parts Consumers Union has published a report that puts a negative spin on manufactured home industry financing.via


Interest Rate Roundup  Here's a look at the state of interest rates on five common consumer banking products and the latest rates from Bankrate.com's weekly national survey of large banks and thrifts.read more...


Burns: Pay off mortgage or invest? The math tells the story (Houston Chronicle)  Two weeks ago a reader, D.J., sent an interesting question. The sale of a recently inherited house would bring enough money to pay off the mortgage on his home. His


Del Webb tops on service list  Del Webb, a division of Pulte Homes, ranked No. 1 in new home customer service in Las Vegas for the third consecutive year with a rating of 142, a survey


First-time buyers hit by mortgage crunch (Reuters via Yahoo! UK & Ireland News)  Tougher lending terms have forced first-time home buyers to put down average deposits of 13 percent in April, the highest level in more than three years, the Council of Mortgage

March 21st, 2008

Pension plans take chance on mortgages

“This really has no bearing to the fair market value of these assets anymore”

The subprime mortgage crisis has yielded at least one benefit for states: Mortgage-related investments have become so cheap that they are luring some pension funds to buy. via Albany Times Union



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