Mortgage Failure Rate Rises
Mortgages issued in the first half of 2007 are going bad at a pace that far outstrips 2006, an analysis shows.
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Global market relief after U.S. move to rescue mortgage giants (International Herald Tribune) After a week in which investors suffered a crisis of confidence in America's two largest mortgage finance companies, global markets reacted Monday with relief to news that the Bush administration
Interest Rate Roundup Here's a look at the state of interest rates on five common consumer banking products and the latest rates from Bankrate.com's weekly national survey of large banks and thrifts.read more...
As mortgage rates rise, so do refinancings (San Jose Mercury News) This bit of data arrived via e-mail from the Mortgage Bankers Association: Despite the upward drift in mortgage rates, refinancings continue to account for more than a third of all
Dow falls on mortgage woes (AP via Yahoo! News) Wall Street turned mixed Wednesday, seeking direction a day after concerns about faltering subprime mortgage lenders sparked a broad selloff in stocks. The Dow Jones industrials briefly fell below
The Endangered B&B: Inns Turn Into Homes as Owners Cash Out In a side effect of the real-estate boom scores of bed and breakfasts are closing down as buyers turn them back into private residences.read more...
Grand Jury Indicts 17 In Missouri Mortgage Fraud Scheme A Kansas City federal grand jury has indicted 17 people in an alleged $12.6 million mortgage fraud scheme.read more...