Benefit cheat must repay 1.6m A FRAUDSTER who built up a multimillion-pound property empire with the proceeds of a complex housing benefit fraud has been ordered to repay a record 1.6 million to the state.via
30-Year Mortgage Rate Climbs to 6.53% (Los Angeles Times) Rates on 30-year, fixed-rate mortgages averaged 6.53% this week, up from 6.49% last week and the highest since the week ending July 12, 2002, mortgage company Freddie Mac said.read more...
House Passes a Bill Curbing Mortgage Brokers The legislation would tighten regulation of mortgage brokers and loan officers amid a surge in defaults, but most likely won't be enacted before 2008.
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Investors sell Met Mortgage claims for pennies People who sank their savings into Metropolitan Mortgage & Securities before the Spokane-based financial conglomerate slid into scandal and bankruptcy 18 months ago might eventually retrieve up to a third
HUD, VA offer homes for some Katrina victims The U.S. government is making some, but not all, of the thousands of homes it owns in Southern states available to displaced victims of Hurricane Katrina.read more...
Questions of cash WE TOOK out a 20-year endowment mortgage in 1990, and have made monthly payments by direct debit.via
In a speech to small-business owners, the Republican presidential candidate focuses on homeowners and urges lenders to do more to aid families. – Sen. John McCain addressed the mortgage foreclosure crisis and the weakening economy in a speech in Santa Ana this morning, but offered no major prescriptions for quelling turbulence—instead calling for two panels to look at the problems. ...
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