S. Korea’s Financial Watchdog To Rein In Mortgage Loans (Asia Pulse via Yahoo! Australia & NZ News)
South Korea’s top financial watchdog said Thursday it will strengthen regulations on mortgage loans in an effort to curb speculative home buying.
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Obama defends mortgage rate Sweet deals on home loans have gotten a string of Democrats into hot water lately.read more...
Book: 'Before the Mortgage' (Minneapolis-St. Paul Star Tribune) Book: "Before the Mortgage" (Simon Spotlight Entertainment, $14.95) The best counterattack for young adults sick of being labeled by older people (Generations X and Y, slackers, etc.) is to write
State takes action against mortgage firms, citing alleged abuses (Boston Globe) State regulators ordered 11 firms to stop doing mortgage business after investigators found evidence that brokers steered prospective home buyers into mortgages they couldn't afford, and lenders looked the other
Rising Subprime Mortgage Defaults Add to Unsold Homes Inventory (Bloomberg.com) Rising mortgage defaults by subprime borrowers may add more than 500,000 homes to a residential real estate market already beset by slumping prices, according to CreditSights Inc.read more...
TD Canada Trust hikes variable mortgage rates, lines of credit (Canadian Business) TORONTO - One of Canada's biggest mortgage lenders, TD Canada Trust, is increasing the interest rate charged for its home equity line of credit and variable-interest mortgages.read more...
Mortgage woes ease up (Napa Valley Register) August's mortgage meltdown led to much hand-wringing from buyers and mortgage brokers, but things are looking better, in September, said Martha Pedroza Ramos of Cal Bay Mortgage in Napa.read more...