Rock customers face negative equity
Around a fifth of Northern Rock’s mortgage customers face the prospect of negative equity next year as house prices slump, it has been reported.
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Greenspan Pushes Freddie, Fannie Federal Reserve Chairman Alan Greenspan again pushed for limits on the multibillion-dollar mortgage holdings of Fannie Mae and Freddie Mac, saying such restrictions would not hurt the thriving housing market.via
Mortgage fraud flourishes in down markets As long as the market stays in the doldrums mortgage fraud will continue to thrive, financially damaging not only buyers, sellers and lenders, but even neighbors.read more...
Give homeowners some basic rights Two years after a Washington family moved into their new home on the booming Issaquah plateau, a massive plumbing failure caused $10,000 damage.read more...
Kids find empowerment in surroundings Interior designer Kelee Katillac believes decorating is about more than beautifying one's surroundings.Commentread more...
Home equity line of credit plan of attack If you have a home equity line of credit, maybe you wonder what to do with it. Should you keep the credit line, even though the rate has almost doubled
Pair face 14 counts in mortgage-fraud case (The Columbus Dispatch) After two indictments yesterday, Delaware County authorities said more people could be charged as part of a multimillion dollar mortgage-fraud ring. read more...
August 3rd, 2008
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