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Coming up in the foreclosure series  Though the state has laws against 'predatory lending,' many of those loans made before the laws were passed are still out there.via


Fewer Americans Are Relocating  Movement into and out of U.S. cities slowed sharply last year as the housing bust forced more Americans to stay put, according to new Census Bureau data.read more...


Subprime mortgage lender seeks bankruptcy protection (The Clarion-Ledger)  New Century Financial, the nation's second-largest subprime mortgage lender, filed Monday for bankruptcy protection. The company also said it was laying off more than half its staff and would sell


Mortgage lending weaker than expected in August  Mortgage lending and consumer credit rose by less than expected in August, in a sign that last month's shock interest rate rise has dampened Britons' appetite for borrowing, official data


Mortgage approvals fall in January, says BBA (EARTHtimes.org)  Mortgage approvals in Britain fell in January to its lowest level in two years, the British Banking Association said Monday.read more...


Tsunami Volunteers 'Chopsy' and 'Lori' Help Rebuild in Sri Lanka  Chopsy and Lori volunteered to help the relief effort through the internationally renowned group Habitat For Humanity and have been given the green light to go out to Sri Lanka

March 27th, 2008

Mortgage rate freeze not good idea: OFHEO chief (Reuters via Yahoo! News)

There are signs of improvement in U.S. housing markets but the idea of freezing mortgage rates for a period of time would be a mistake, the director of the Office of Federal Housing Enterprise Oversight said on Friday.

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