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MORTGAGE APPLICATIONS HIT (IWon - Money)  Analysts differ on whether or not there was a housing bubble, but most agree that the market has cooled off. Mortgage applications slipped last week as interest rates climbed, an


Video Available: Silverado Financial Acquires Core One Mortgage, Inc. (pzone via Yahoo! Australia & NZ Finance)  PLEASANTON, Calif., May 9, 2005 (PRIMEZONE) -- Silverado Financial, Incorporated, (OTCBB:SLVO), a rapidly expanding mortgage bank focused on non-prime borrowers, announced today that it has acquired Core One Mortgage Inc.,


Mortgage rates fall to lowest level in a month (The Record)  WASHINGTON -- Rates on 30-year mortgages fell last week to the lowest level in a month as investors found new reasons to worry about a possible recession. Freddie Mac, the


Beware of repair scams, residents told  With piles of tree limbs still strewn across the Upstate and the city and county wading through cleanup, some residents could be turning to private companies to get rid of


Commerzbank posts steady profit, for now  FRANKFURT Commerzbank reported strong first-quarter earnings on Tuesday, but said that it would have a harder time matching that as the year goes on because of sluggish economic growth in


Retailers see boon in students' interest in dorm room decorating  NEW YORK - Denim fashions may be all the rage this fall, but Erica Green cares more about dressing up her dorm room than dressing up herself.read more...

March 28th, 2008

Complex Wachovia mortgage program worries some (The Charlotte Observer)

When she stopped by a Wachovia branch in Charlotte last month, Marilyn O’Connor asked about refinancing her townhome. Instead, she got a pitch for a “Pick-A-Payment” mortgage that offered flexible payment options but a higher interest rate. O’Connor said she initially agreed to apply for a Pick-A-Payment loan until she learned the interest rate. The full principal and interest payment option had …

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