The Mortgage Market: What Happened? (NPR) As the nationwide real estate boom of recent years goes bust, economists and regulators are questioning the role that mortgage lenders played in helping to create an overheated housing environment.
Rising Housing Costs Outpacing Income LOS ANGELES -- The financial squeeze on Americans got tighter over the last decade as the increase in housing expenses far outpaced the growth in incomes, a new study shows.
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Housing boom breeds mortgage schemes (Asbury Park Press) Mortgage fraud has long been part of the real estate landscape. Many schemes have involved the flipping of properties quickly at inflated appraisals and prices.read more...
Stocks Close Higher After Uneasy Session Wall Street finished higher in an uneasy session Monday as retail and homebuilders stocks rose on expectations for more interest rate cuts, but banks and insurers fell on worries
Mortgage defaults increase (San Francisco Chronicle) A growing number of homeowners in the Bay Area and throughout California fell behind on their mortgage payments in the second quarter. In the Bay Area, 2,910 homeowners received default
Simply Bizs mortgage lending is up 20 per cent in the first quarter of the year compared to the same period last year, despite a 50 per cent fall in the total mortgage market. ...
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