Financiers rein in high-risk mortgages
As “payment shock” works its way into the nation’s housing lexicon, the financial sector is starting to build more internal controls into some riskier mortgages.
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Mortgage rates fall 5th straight week (Bankrate.com via Yahoo! Finance) The benchmark 30-year fixed-rate mortgage fell 3 basis points to 6.48 percent, according to the Bankrate.com national survey of large lenders.read more...
Get savvy before you sell your life insurance policy Want to raise cash during retirement from someplace other than your retirement accounts? You might consider a reverse mortgage, but those can be expensive.Commentread more...
Airport Commission accepts bids for several projects Airport Commission accepts bids for several projects By Curt Hodges JONESBORO -- The Jonesboro Municipal Airport Commission approved awarding contracts to low bidders on several projects at the airport during
FHA wants to offer risk-based mortgages Should homebuyers with solid credit histories subsidize mortgage borrowers who pay their bills late? Should loan applicants be separated into categories according to their likelihood of default, with the ...read
ROUNDUP Trio of surveys on UK mortgage lending signal property market recovery Tuesday, December 20, 2005 10:53:29 AM (The Forex Market) In its monthly survey, the Building Societies Association said seasonally adjusted gross advances rose by 3.9 bln stg in November, up on the previous month and the highest since August
First Chinese cars arrive in Europe for sale The first Chinese cars for sale in Western Europe arrived in the Belgian port of Antwerp on Tuesday, threatening to undercut European manufacturers already struggling with weak demand for their