Texas Bankruptcy Laws

Housing market troubles still look 'pretty gruesome'; Sales forecasts down; builder struggles  "We haven't seen the market bottom out and rebound yet, and when that happens will vary from market to market." The housing market blues showed no signs of lifting


Mortgage rates dip on weak employment data (AP via Yahoo! News)   Mortgage rates fell this week as a weaker-than-expected employment report eased concerns about inflation.read more...


Home Sales Drop 27 Percent in Arkansas  "We reduced $40,000, now it's down to $104 square foot. It's 3200 square feet, $335,000, for this neighborhood. Most are $170 a square foot, $104 is a real bargain. It's


Oklahoma homeowners struggling with payments, foreclosures...  More Oklahomans are falling behind on their house payments and the number who've lost their homes to foreclosure has more than tripled in the past four years.read more...


Cole Co. Commission Hears From Citizens on Halfway House  Residents and business owners opposed to a federal prisons halfway house in Cole County found sympathy among members of the county commission.via


Battered coins beat a shiny penny (Reg Req'd)  The Answer Spot is an occasional feature that addresses your post-Katrina questions.read more...

May 10th, 2008

Private Mortgage Insurers Make Condo Requirements Tougher (Banker & Tradesman)

Getting a loan to buy a condo these days is like running a gauntlet: Not only do you often have to dodge a barrage of more difficult requirements from Fannie Mae and Freddie Mac, but now private mortgage insurers have set up a higher bar to leap over.

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