The trillion-dollar mortgage time bomb (CNN Money) Among the nightmares lurking around the corner for the already battered housing and credit markets would be a meltdown at mortgage financing giants Fannie Mae and Freddie Mac.read more...
State to review loan practices of mortgage companies (KOB-TV Albuquerque) ALBUQUERQUE (AP) - The state wants to know how prevalent predatory home lending practices are in New Mexico. Starting Monday, state officials will conduct unscheduled inspections of a random sample
Looser Credit on the Way In 'Declining' Markets? Could the mortgage industry scrap its controversial practice of listing hundreds of local real estate markets as "declining" -- and restricting lending there through higher down payments or credit scores?
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Gov. OKs $1.75m in freeze aid Gov. Arnold Schwarz- enegger authorized an emergency grant Friday of $1.75 million to help freeze victims in five counties, including Tulare, make rent, mortgage and utility payments for February and
Real Estate Calendar Here are some events that builders and developers have scheduled locally for would-be home buyers in the coming weeks. All are free and open to the public. read more...
Bad mortgage timing leads Wachovia to post loss, cut dividend, seek $7 billion in new capital (The Journal News) CHARLOTTE, N.C. - Wachovia Corp. is getting a lesson in "timing is everything." The nation's fourth-largest bank reported a $393 million first quarter loss and has been forced to cut
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