Banks allow flood victims to hold off from making mortgage loan payments (KATC3) NEW YORK With tens of thousands of homeowners in four states displaced by Hurricane Katrina, some banks and finance companies are allowing customers to forgo monthly mortgage payments for 90
Comparing mortgage payments (San Jose Mercury News) COMPARING MORTGAGE PAYMENTS Here's a scenario that shows what a borrower's monthly mortgage payments would have been if he or she had taken out a 30-year fixed rate mortgage of
FHA saddles up to help troubled borrowers A bailout plan, FHASecure, aims to prevent foreclosures for those who fell behind because the rates went up on their adjustable-rate mortgages.read more...
Former exec sentenced to 20 years on fraud conspiracy charge The former chief executive of a home construction firm was sentenced Friday to 20 years in prison on a federal charge of conspiracy to commit wire fraud.read more...
Panel urges restrictions on certain tax breaks Two of the nation's most popular tax breaks - for home mortgage interest and employer-paid health insurance - should be narrowed, a federal panel appointed by President Bush suggested Tuesday.read
NI in housing market slump It appears house sales here have fallen dramatically this summer after 12 months of extraordinary growth in prices. via UTV read more...
Pet lovers will get another shopping option early next year when Petco moves into a building that has been an eyesore along Mooney Boulevard for nearly two years.
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