A Widening Divide Over Lost Deposits
Today, we take another spin through the e-mail inbox. A recent column about what happens to deposits when buyers back out of a new-home purchase drew the most response.
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New Ways to Evaluate Credit 'Unscoreables' For some first-time home buyers, credit is a tougher hurdle than coming up with the down payment: These buyers are what lenders call "unscoreables," or they have such thin
Santorum defends his home mortgage (The Philadelphia Inquirer) U.S. Sen. Rick Santorum (R., Pa.) provided details yesterday of his $500,000 home mortgage loan after disclosures that he secured it through a bank whose top executives were campaign donors.read
Economic Calendar: July 25-July 29 The Treasury announces the size of its next monthly two-year note auction, next Wednesday.read more...
Saxon To Cut 140 Mortgage Employees (The Tampa Tribune) Saxon Mortgage is laying off 140 workers in the Tampa Bay area, according to documents the company filed Monday under the state's Worker Adjustment and Retraining Notification Act. read more...
Courts Disagree Over Mortgage Fee Limits The agency charged with overseeing the federal law in this arena, the Department of Housing and Urban Development, says that all markups are illegal absent extra services.read more...
Missed mortgage payments are sure sign of hard times (Times Online) MEETING regular mortgage payments ranks high on householders? financial priorities. Payments are normally made by direct bank debit, taken out of the usual discretion about which bills to pay when.read
May 3rd, 2008
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