US mortgage giant Countrywide to renegotiate thousands of loans (AFP via Yahoo! News) US mortgage giant Countrywide Financial said Tuesday it was offering new terms to help stave off foreclosure for tens of thousands of customers, with loans totalling around 16 billion
Mortgage Insurance Break Makes Little Sense (The Ledger) When she heard about a new tax break for homeowners with mortgage insurance, Kathryn Considine was delighted. "I thought if I could deduct what I paid this past year, that
Housing decline triggers layoffs Home builders are laying off construction superintendents, subdivision sales agents, finance specialists and other employees, a telling sign that metropolitan Phoenix's new-home market has taken a radical turn ...read more...
Negative equity: Mortgage lenders seek transparency over valuations (Guardian Unlimited) Council of Mortgage Lenders wants to safeguard against new-build properties falling into negative equityread more...
For Sale By Owner SPONSORED LISTINGS California's Original Flat Fee Broker California's original flat fee broker offers three money saving selling solutions.read more...
Mortgage companies running on talent (Orange County Register) A few other mortgage entrepreneurs are expanding in an industry rocked by layoffs and slumping demand for home loans.read more...
Housing starts increased 9.1% in June from the previous month because a change to New York City building codes that took effect July 1 caused a deadline rush, but excluding the adjustment, housing starts tumbled 4%.
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