Fannie to Scrap Policy Over Down Payments
Fannie Mae is expected to announce that it is scrapping a policy requiring higher down payments on home mortgages in areas where house prices are falling.
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Green builders get place to spread work "It's really common sense, I've been doing it my whole life" Rachel Schwartz The Green Building Exchange is located at 305 Main St. in Redwood City. via San Mateo
Home Construction Down in July "Looking over periods of stress that I've seen, this is the strongest global economy we've had" Construction of new homes fell to the lowest level in more than a
Mortgage mess echoes in Congress (Los Angeles Times) Proposals to revise loan rules and provide more refinancing flexibility await lawmakers when they reconvene today. As mortgage-related turmoil weighs down the U.S. economy, members of Congress
Mortgage Rates Are Likely To Stay Stubbornly High (CNBC via Yahoo! Finance) Regulators eased investment caps on Fannie Mae and Freddie Mac, but most experts say it won't push mortgage rates lower anytime soon.read more...
Trading in the Tobacco for the Tony Life In old Upper Marlboro, a team of ducks crosses the road twice a day near School House Pond, halting traffic in each direction. read more...
Mortgage shopping made easy at site (USA Today) At a time when many families are losing their homes to foreclosure, mortgage experts are offering new tools to help home buyers avoid making the same mistakes.read more...