Mecklenburg leads N.C. in foreclosures As economists predict the tail of the country's long-running housing boom, home loan failures have more than quadrupled since 1999 in Mecklenburg County, the state's worst for foreclosures.read more...
Race dictates rates for mortgage loans, federal figures show (The Plain Dealer) Black people in Cuyahoga County were at least 2½ times more likely than white people to have received a high-interest mortgage loan last year, regardless of how much they earned.read
Mortgage 'U-turn' at Nationwide This policy will change from 1 December The Nationwide building society will drop its policy of offering the same mortgage deals to all of its customers.Commentread more...
Regulators want tighter rules for riskier mortgage loans (Bradenton Herald) FORT WORTH, Texas - Federal proposals that would increase regulatory scrutiny of mortgage loans that allow borrowers to minimize payments received generally favorable reaction from real estate professionals.read more...
Product Taps Home Equity Without Taking Out Loan A small San Francisco investment company offers to pay homeowners cash now in exchange for a right to part of the proceeds when the house is sold.
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U.S. Durable Goods Orders Slip, Home Sales Near Record, Economists Say U.S. orders for durable goods barely retreated in July after a three-month surge while home sales were the second-highest ever, evidence that businesses and consumers are taking spiraling energy prices
OVERLAND PARK, Kan. – The chief executive officer of former subprime mortgage lender NovaStar Financial Inc. said Thursday the company is still in a precarious position, but he hopes this year to restructure the business and get it back to making a profit.
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