Mortgage rates fall for fifth time in six weeks (Bankrate.com via Yahoo! Finance) The benchmark mortgage rate has fallen in five of the last six weeks, and home prices are falling, too.read more...
HERALD WATCHDOG Brasota Mortgage Co.: Estate settles pair of lawsuits (Bradenton Herald) The Brasota Mortgage Co. bankruptcy estate struck deals this week in two lawsuits involving Connecticut rental properties and a Palmetto funeral home.read more...
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Lawyer wants court to release investors' shares of USA Capital LAS VEGAS -- A lawyer for some investors in USA Capital, a private lender with $950 million in assets that has filed for bankruptcy court protection, were expected to argue
Paulson: No simple solution to housing, mortgage crisis (The Arizona Republic) Paulson says there is no simple solution to housing and mortgage crisisread more...
Stimulus bill attracts interest groups "That is a hard vote for a lot of Republicans, because they have sweetened it" Senior citizens are knocking on senators' doors. Lobbyists for the home building and energy
“This is our dream come true in America.”
The foreclosure crisis that has forced thousands of families from their homes has given something good to the nation’s best-known housing charity: Cheap properties for sale in communities around the country.
Some Habitat for Humanity chapters have seized buying opportunities in neighborhoods affected by the mortgage meltdown, snapping up scores of empty lots and unoccupied homes—some for as little as half price.
“The down real estate market is a wonderful opportunity for all Habitats,” said Gage Yager, executive director of Trinity Habitat for Humanity in Fort Worth, Texas. “As prices drop, we have the opportunity to acquire at prices that just weren’t available a few years ago.” Read more
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