Repossession claims rise by 16% "Along with the rise in the number of repossessions reported today, our own data shows a 6% rise in county court judgments issued in quarter one of 2008 compared to
Mortgage rates decrease for 2nd week in row (San Francisco Chronicle) Rates on 30-year mortgages fell for the second straight week, declining to the lowest level in more than a month. Freddie Mac, the mortgage company, reported Thursday that 30-year fixed-rate
States Say Mortgage Companies Fall Short on Loan Modification (WallStreet Journal via Yahoo! Finance) Mortgage companies have stepped up their efforts to work with delinquent borrowers, but their actions aren't keeping up with the rapid rise in bad loans, a new study by
Mortgage affordability 'remains steady' (Guardian Unlimited) Homeowners in England and Wales spend almost one fifth of their income on mortgage repayments, according to research published today. Lender the Woolwich said that in May borrowers were paying
Booming store funds housing for the needy Habitat for Humanity shop may one day foot 80% of the bill for 4 homes a year in Livingston County.read more...
Strong mortgage data shows housing market robust (Reuters.co.uk) LONDON (Reuters) - Mortgage lending growth gathered pace in June and approvals for home loans held steady in a sign that a string of interest rate rises has not cooled
Lewis Ranieri is credited with inventing mortgage-backed securities two decades ago, and recently he sounded warnings about mortgage risks. Yet he couldn’t save his own company from getting tangled in the real estate loan bust. That’s alarming – not just for…
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