Just walking away hurts mortgage market more (Akron Beacon Journal)
Experts say fretting homeowners who worry the mortgage market is worsening are, well, making the mortgage market worsen.
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Upscale residential offerings escaping subprime mortgage crisis (BizJournals) The phrase "mortgage meltdown 2007" may reflect a true crisis situation with mortgage foreclosures rising and new home sales to entry-level home buyers declining in many states. But the Texas
Are mortgage discount points worth the risk? (Naples Daily News) Pay discount points on a mortgage, and you take a gamble. Plenty of borrowers lost that wager in recent years, according to a pair of economists. Yan Chang and Abdullah
Private mortgage insurance defaults reach a record (BizJournals) The default rate on privately insured mortgages rose in November to the highest level since records have been kept by the Mortgage Insurance Cos. of America, according to a Reuters
John Armstrong: Battle of competing cuts The money or the bag? Tax cuts pure and simple? Or tax cuts at too high a price? Stung by the almost-universal scorn for the Budget, Labour is in ugly,
Taxing Issues (New York Times) The chairman of the president's tax-reform panel talks about cutting the mortgage deduction, paying for Katrina and being financed by the Chinese.read more...
Mortgage firm in Sh1b housing plan Housing Finance will invest Sh1 billion in the construction of 500 houses in Nairobi's Komarock estate.read more...