Homeowners are cautioned to steer clear of option ARMs (Reg Req'd) Option ARMs account for nearly 10 percent of mortgages. Mortgage lenders in recent years have come up with all sorts of strategies to finance home purchases as prices have soared:
"We had a blast. I don't think there is anything we would do differently. We knew we were doing everything right. We had a good agent." read more...
Study: Racial discrimination persists in mortgage loans (The Arizona Republic) Higher income does not protect blacks and Hispanics from receiving mortgage loans with above-market rates, a new study by a group pushing for reforms to lending laws says.read more...
Are You in the Right Mortgage? (Advocate Tribune) (ARA) - Most people who buy a home put their mortgage in a drawer -- they close on the loan and make their payments every month and don't think about
E.J. Dionne Jr.: Capitalism's ailing, and it's Big Government to rescue The biggest political story of 2008 is getting little coverage. It involves the collapse of assumptions that have dominated our economic debate for three decades.read more...
Mortgage lenders match rate cut (BBC News) A number of major mortgage lenders have announced cuts to match the Bank of England base rate fall.read more...
First American Corp. is consolidating four Dallas-area offices in a deal that’s being touted as one of the biggest North Texas office leases in years.
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