Pilot for zero-downpayment mortgages slated
Legislation to create a pilot program for zero-downpayment mortgages is the topic of a hearing Thursday by the Housing and Community Opportunity Subcommittee of the House Financial Services Committee.
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(AFX UK Focus) 2005-11-16 12:15 GMT: Weekly applications for mortgage refinancings drop on rates (Interactive Investor) WASHINGTON (AFX) -- The volume of mortgage applications slipped 0.6% in the week ended Nov. 11 compared to the prior week, data compiled by the Mortgage Bankers Association show.read more...
GMAC unit wants Mortgage Lenders ex-CEO comments stricken (Boston Globe) A unit of GMAC Financial Services has moved to silence the former chief executive of Mortgage Lenders Network USA Inc. , Mitchell Heffernan, who blames the unit and bankruptcy advisers
Hedge Fund Forced to Sell Its Portfolio "Until the end of last week, these developments, while reducing the value of our portfolio, were manageable" At the beginning of the summer, Sowood Capital was a $3 billion
B.C. government holds $10-million mortgage on Pickton's properties... The B.C. government has put a mortgage worth $10 million on accused serial killer Robert Pickton's notorious pig farm to cover his publicly funded defence, The Canadian Press has learned.read
FSA bans two more mortgage brokers as part of fraud crackdown (Money Marketing Online) The FSA has banned two partners of an Essex-based mortgage firm for involvement in submitting false mortgage applications to lenders.read more...
Your Money Matters: Dealing with Rising Mortgage Interest Rates (Stuttgart Daily Leader) (ARA) - Many Americans are asking themselves what they should be doing in the wake of rising, and sometimes, fluctuating mortgage rates. It's an important question because for many Americans