Regulators warn of alternative mortgages Non-traditional mortgages offering lower initial payments, which federal regulators say are leaving homeowners in bigger debt, soon may be harder to get.read more...
KC man gets probation in mortgage fraud scheme (The Kansas City Star) A federal judge on Tuesday sentenced a Kansas City man to five years of probation for managing the details of a notorious mortgage fraud scheme.read more...
Bankruptcies 'soar' among young The number of young people going bankrupt has risen sharply in the past two years, according to new figures, as personal debt levels have mounted.via
DNA 11 and Dwell Magazine Design Virtual Home for Celebrities During the Sundance Film Festival Dwell, the host of the event, selected DNA 11 as a key design partner and sponsor; DNA 11 will provide the art decor for the interior of the VIP hospitality
New Single-Family Homes Planned read more...
ADV: Trade Shares and Currencies Commission-Free GCI offers commission-free online trading in shares, indices and major currencies. Register today for a free demo account - including charts, quotes and internet trading software.via
Aug. 21 (Bloomberg)—A decline in mortgage bond prices is raising interest rates on U.S. home loans, even for borrowers least prone to default. Rates on average 30-year fixed mortgages rose to 6.37 percent this week, about the highest in six years, as yields on bonds guaranteed by Fannie Mae and Freddie Mac increased to almost the highest since 1986 relative to Treasuries.
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