Economists expect slower growth in '06 News Tip? GREENSBORO The U.S. economy is expected to continue expanding next year but at a slower rate, economists said yesterday at an American Home Furnishings Alliance conference at Grandover
Invest it or pay off your mortgage? (Cincinnati Enquirer) Your great-Uncle Jack, inventor of the left-handed monkey wrench, left you $250,000. You can either invest it or pay off your mortgage. Which is better?via
Corzine: Questions weren't asked Former Goldman Sachs Chairman and CEO Jon Corzine says investors, banks and ratings agencies should have asked more questions about complex financial instruments that repackaged and resold home mortgages.
Home-building drop could stall Port St. Lucie upgrades A drop in home building has left the city with a $2.6 million shortfall that council members Friday said compounds an already tight budget year and makes the redevelopment of
Weekend Kitchen Makeovers WEEKEND KITCHEN MAKEOVERS Illustrated Techniques & Stylish Solutions Paul Ryan Lark Paul Ryan has been in the construction industry since his teens.Commentread more...
Banks Shrug Off Recent Mortgage Slowdown (Minneapolis-St. Paul Star Tribune) NEW YORK (AP) - Wells Fargo & Co. and U.S. Bancorp posted record first-quarter profit on Tuesday, shrugging off a recent home mortgage slowdown caused by rising interest rates. Profit
Federal prosecutors say more than 100 homeowners in California and across the country were victimized in a mortgage scheme that siphoned off nearly $13 million in home equity.
The U.S. Attorney’s Office in Sacramento announced the indictment of Charles Head of La Habra and 18 others on Monday. Prosecutors allege they preyed on homeowners struggling to make payments on adjustable-rate mortgages.
Under the scam, homeowners facing foreclosure were promised lower house payments and even cash upfront to help pay bills if they agreed to add another name to their home’s title. They also were required to pay rent to that investor while they got their finances back in order. Read more
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