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Rate Trend Index -- Mortgages  Each week, Bankrate.com surveys experts to gauge which way the interest rates are headed on mortgages -- a vital tool if you're about to buy a home.read more...


Wells Fargo shutters nonprime mortgage unit (CNN Money)  Hurt by a slump in the housing market, the mortgage lender will cut 170 jobs when it shuts down operations in Louisiana and Iowa.read more...


England, Wales Q3 house price growth slows -govt  Annual house price inflation in England and Wales weakened to its slowest rate in nine years in the third quarter, government data showed on Tuesday.read more...


Vote/Discuss (Reg Req'd)  Join the discussion. Please remember to include your FULL REAL NAME so that we can consider your message for posting.read more...


Homeowners Drop Insurance After Katrina   Disgusted with his insurance company after Hurricane Katrina, the Rev. Simmie Harvey let his homeowner policy lapse and left his house in the hands of a higher power.Commentread more...


Report Examines Medical Debt, USA  " Home Sick: How Medical Debt Undermines Housing Security ," Access Project : Medical debt is affecting U.S. consumers' ability to own a home or have a stable housing situation,

April 30th, 2008

Participation in mortgage-licensing system may prevent crises (The Clarion-Ledger)

There are lots of proposed remedies to prevent another mortgage catastrophe like the one we’re going through now. Most of the suggestions I’ve seen wont fix the loopholes that allowed so many borrowers to take on mortgage loans they couldn’t afford.

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