Defaults Rising for ‘Pick-a-Pay’ Option
Lenders are seeing a rapid rise in defaults on a type of mortgage that gives consumers with good credit several different monthly-payment options.
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Financial Troubles Spread Among Mortgage Lenders (NPR) With the failure of IndyMac Bank, the second largest financial institution to close in U.S. history, on Friday, investors are increasingly focused on how mortgage lenders are responding to an
U.S. Wholesale Costs Soar, Home Building Slows, Economic Reports May Show Printer-Friendly Format Wholesale Costs Soar, Home Building Slows: U.S. Economy Preview Oct.read more...
American Home Mortgage ceases business in Tennessee (bizjournals.com via Yahoo! Finance) The state has issued an emergency "cease and desist" order for all mortgage lenders in the state doing business under the umbrella of American Home Mortgage Investment Corp.read more...
The new homemaker "We're not going to give up an inch anymore, and the tides are turning." SALISBURY -- The new two-story house on Davis Street with unblemished white siding and blue
Single-family home construction hit high in '05 Construction of new single-family homes surged to an all-time high in 2005 but construction activity fell sharply in December, sending a signal that the nation's long housing boom could be
Lenders Expect to See Tax Returns, but Read the IRS Forms Carefully Q: We recently went to settlement on our first home. The lawyer conducting the process handed us a large pile of papers and asked us to sign them. One