Report finds untapped mortgage demand (Irish Examiner) By Brian O?Mahony MORTGAGE lenders have plenty of scope to grow their lending significantly provided they target the untapped demand in the sector.read more...
Rising subprime mortgage defaults add to unsold homes inventory (The Daily Record) Rising mortgage defaults by subprime borrowers may add more than 500,000 homes to a residential real estate market already beset by slumping prices, according to CreditSights Inc.read more...
Homeowner's Hopes Ride With State Mortgage Reform (Hartford Courant) Lisa Murzin-Pelcz is in the final stages of foreclosure, and could lose the house she has lived in for 12 years when court proceedings start on June 10. Her hopes
Woeful lack of insurance It's sad that only 25 to 60 percent of homes in the areas affected by Hurricane Katrina and its aftermath have flood insurance.read more...
Mortgage approvals up 20 pct y/y in May (Reuters.co.uk) LONDON (Reuters) - The number of mortgage approvals for home purchases in Britain rebounded in May after an Easter-related annual decline in the previous month, taking it back in line
Buyers Bet the House With Risky Interest-Only Loans Increasing numbers of L.A. homeowners are taking out mortgage loans with low initial payments and high back-end payments, making a huge bet that housing prices will keep rising sharply.via
“You can’t rent a house to more than one person.”
As many as 30 families possibly lost thousands of dollars each after responding to an online ad on Craigslist to rent a home. via Pasadena Star-News
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