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Should you prepay your mortgage? (CNN Money) QUESTION: For the past year my wife and I have been putting an additional $500 per month toward the principal on our 5.25% 30-year fixed mortgage. The psychological freedom of
Warehouse lenders' role in mortgage woes (Bankrate.com via Yahoo! Finance) All big mortgage lenders, and especially institutions that don't accept deposits, rely on warehouse lines of credit. When that money spigot closes, lenders go out of business.read more...
Real estate notebook: Blog Tour USA to make stop in Columbus Blogging, a concept once foreign to many people, is now one of the fastest-growing channels of communication. via ThisWeek Community Newspapers read more...
HSBC Buys Champion Mortgage Portfolio (KiplingerForecasts.com) HSBC Holdings PLC, a British banking powerhouse that makes consumer loans under the HFC and Beneficial brands in the United States, is buying the $2.5 billion mortgage loan portfolio of
Fed Rate Cut May Spark Rally on Wall St. "People have been assuming for the past six months that rates will be lowered, and nobody wants to make a move until some kind of event happens." Wall Street
Doctor jailed for mortgage fraud (Croydon Guardian) A newly-qualified doctor has been jailed for 27 months for attempting to carry out a £1million mortgage fraud. Abid Haider, 27, paid £16,000 for false identity documents he found on