30-year mortgages remain at 6.52 percent
Rates on 30-year mortgages remained at the same level for a third week while rates on other types of home loans posted small declines.
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B.C. marijuana grower forfeits $600,000 mortgage-free home (Victoria Times Colonist) A B.C. judge has ordered a marijuana grower on the Sunshine Coast to turn over his mortgage-free $600,000 home to the government in what appears to be the
Mortgage Trouble Said to Bring Scammers Calling (ABC News) Some See Scammers Fleecing Homeowners Already in Trouble With Mortgage Paymentsread more...
FBI focuses on mortgage fraud (Worcester Telegram & Gazette) WASHINGTON - FBI Director Robert Mueller yesterday described a "tremendous surge" in mortgage fraud investigations that he said has diverted agents from other cases and is expected to keep growing.read
Business Briefing HEADLINES: PepsiCo 4th-Qtr. Profit Down 31%; KB Home Sued Over Inflated Prices; more» read more...
Banks Shrug Off Recent Mortgage Slowdown (AP via Yahoo! News) Wells Fargo & Co. and U.S. Bancorp posted record first-quarter profit on Tuesday, shrugging off a recent home mortgage slowdown caused by rising interest rates.read more...
ABN Amro sells U.S. Mortgage Group (Chicago Tribune) ABN Amro Holding NV, the Dutch parent of Chicago-based LaSalle Bank, agreed today to sell its U.S. Mortgage Group business to Citigroup Inc. in New York. read more...
August 15th, 2008
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