Are interest-only loans principally risky?
In the rush to get a piece of South Florida real estate, many buyers and investors are stretching financially to buy houses that they otherwise might not be able to afford.
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Doctor jailed for mortgage fraud (Croydon Guardian) A newly-qualified doctor has been jailed for 27 months for attempting to carry out a £1million mortgage fraud. Abid Haider, 27, paid £16,000 for false identity documents he found on
Manufacturing Growth in Chicago Area Unexpectedly Accelerates on Orders Manufacturing in the Chicago area unexpectedly accelerated this month, and orders placed with factories rose to a one-year high, suggesting production will strengthen.read more...
US mortgage giant in share issue (BBC News) US mortgage giant Fannie Mae is to issue $7bn of shares to cover losses linked to the housing market.read more...
Book Review - Manage Your Money and Investments with Microsoft Excel by Peter G. Aitken One of my graduate school professors was fond of reminding his students not to resort to "belly financing." Belly financing is when you make a decision based on what your
History made: First rate hike during election "Thankyou John Howard You like to take credit for interest rates when they are falling. You can take responsibility for them when they are rising." HOMEOWNERS have been slugged
FHA loan comparison questionnaire Here is a list of questions to ask lenders before selecting an FHA-insured loan.read more...