Your Money Matters: Dealing with Rising Mortgage Interest Rates (Hope Star) (ARA) - Many Americans are asking themselves what they should be doing in the wake of rising, and sometimes, fluctuating mortgage rates. It's an important question because for many Americans
US mortgage giant offers customers a lifeline as foreclosures spike (AFP via Yahoo! News) America's biggest mortgage lender, Countrywide Financial, sought to throw a lifeline to tens of thousands of stretched borrowers Tuesday as home foreclosures spike across the country.read more...
Demolition company fined following fatal craneway collapse OSHA says a Lynnfield, Mass., demolition company's failure to properly secure an unstable steel craneway led to January's fatal collapse at the former Fore River shipyard in Braintree, Mass., and
Mortgage rate drop this week -- or do they? (Bankrate.com via Yahoo! Finance) The benchmark 30-year fixed-rate mortgage fell 9 basis points, to 6.32 percent, according to the Bankrate.com national survey of large lenders.read more...
Home prices fall in some U.S. cities, but not here Home prices in the first quarter fell in several U.S. cities for the first time in at least 15 years, more proof that the Federal Reserve is winning its campaign
Woman arrested in home mortgage scam (Newsday) A Hempstead woman was arrested yesterday for having her ex-husband's name forged in a scam to get $30,000 to refinance their home's mortgage, Nassau police said.read more...
It sounds like a foolproof system for lending institutions: When someone’s house is mortgaged to the hilt, the borrower has to get mortgage insurance, protecting the lender in the event of foreclosure.
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