How to Buy a Foreclosed Home
Buyers must be willing to do more sleuthing on their own to find the best deals. Here are some tips to get started.
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Freddie Mac: 30-year mortgage rates rise (Chicago Tribune) The average rate on a 30-year fixed- rate mortgage in the U.S. rose to 6.78 percent this week, the highest since May 2002, according to Freddie Mac. read more...
ADV: $160,000 Mortgage for $785/Mo. Mortgage rates at record lows. Compare refinance rates from up to 4 lenders - bad credit OK.via
BUZZ -- Mortgage Associates adds Larry Decker (The Herald-Tribune) Larry Decker recently joined Mortgage Associates of Sarasota as a loan originator at its Sarasota office. Decker specializes in residential, commercial and land financing, as well as private equity-based lending.read
Bear Stearns Profit Drops 10% as Mortgage Bonds Slump (Update2) (Bloomberg.com) June 14 (Bloomberg) -- Bear Stearns Cos., the second-biggest U.S. underwriter of mortgage bonds, said earnings fell 10 percent, the first quarterly decline in two years, as mounting home-loan defaults
Jury selection begins in mortgage-fraud trial (Akron Beacon Journal) Jury selection begins in mortgage-fraud trialread more...
Check for any surprises lurking in your mortgage (Miami Herald) As you read reports of borrowers who were surprised when payments on their adjustable-rate mortgages shot up from introductory teaser rates, or who were thwarted in their attempt to refinance