FBI Probes Home-Buying Incentives
Federal investigators are questioning whether home-buying incentives at the start of the downturn contributed to today’s home-price crash.
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Irvine lender buys some branches (Reg Req'd) Irvine lender buys some branches New Century taking on some assets of Royal Bank's poorly performing unit.via
ARMs race cooling off as rates rise Rising short-term interest rates are finally dampening demand for adjustable-rate mortgages.via
Mortgage affordability 'remains steady' (Guardian Unlimited) Homeowners in England and Wales spend almost one fifth of their income on mortgage repayments, according to research published today. Lender the Woolwich said that in May borrowers were paying
Record mortgage lending in 2007 (BBC News) Last year saw the strongest gross mortgage lending to date, but the market is weakening, figures show.read more...
Mortgage applications surge by record amount (Reuters via Yahoo! News) Mortgage applications surged by the largest amount on record last week as a new Federal Reserve program pushed interest rates down to their lowest level in more than 3
How to Satisfy the Urge to Buy a Large Home Six years ago, financial planner Michael Knight and his wife decided it was finally time to fulfill their dream of a custom-built house replete with spacious rooms and a waterfront