CLTs make expensive homes affordable
Community land trusts make homes in expensive communities more affordable. However, there’s a catch.
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Feds say mortgage scandal was fraud (Lancaster Online) A federal prosecutor finally said Friday what customers of Wesley A. Snyder having been saying for weeks: Snyder committed fraud. In a six-page filing in Harrisburg federal court, Assistant U.S.
Insurer AIG posts large loss on bad mortgage bets (Washington Post) NEW YORK (Reuters) - American International Group Inc (AIG.N) posted its third consecutive quarterly net loss of more than $5 billion on Wednesday as it wrote down bad mortgage-related investments,
Mortgage application volume drops 1.5% (CNN Money) Applications drop as interest rate for traditional 30-year mortgage rises to 6.57%, just shy of year's high.read more...
Mortgage loan applications at lowest levels in four years (US News & World Report) Evidence of the housing slowdown is mounting as the Mortgage Bankers Association reported Wednesday that home loan applications in the last week of July fell to their lowest level in
Private mortgage insurance gains in popularity (Everett Herald) NEW YORK - Private mortgage insurance is making a comeback.read more...
A home that fits When K Hamilton and Dwight Jelle decided to downsize from their 2,500-square-foot house in Bloomington, they made a rough sketch of its layout and crossed out rooms they didn't use.read