Mortgage lending shows biggest rise in 3 yrs (Reuters.co.uk) LONDON (Reuters) - Mortgage lending rose by its biggest amount in nearly three years in July, while approvals for new house loans hit their highest since the start of the
Sacramento Needs More Homes Metropolitan Sacramento needs 62,619 more homes than the thousands already planned to bring the region's homeownership rate up to the national average, a statewide home-builder trade group said Wednesday.read more...
Luminent a victim of home mortgage meltdown's collateral damage (San Francisco Chronicle) Nothing illustrates the swift collapse of the home-loan market better than Luminent Mortgage Capital of San Francisco, which is teetering on collapse the week after it assured investors it was
Use of reverse mortgages growing A growing number of New Hampshire retirees are using the equity in their homes to help pay for expenses.via
Colorado back on top-10 list for mortgage fraud (Rocky Mountain News) Colorado is back on a top-10 list it never wanted to be on. The FBI ranked Colorado No. 9 as a mortgage fraud "hot spot" in 2007.read more...
Double whammy for home owners are thousands face negative equity and mortgage costs hit 8-year high (Daily Mail: World News) Fixed-rate mortgage costs have leapt to an eight-year high in the face of plunging house prices that are also pushing more than 23,000 towards negative equity. Bank of England figures
Every business occasionally confronts customers who can’t pay, whether because bad luck befalls them or because they simply spend beyond their means or manage money poorly.
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