BubbleWatch-: Newsflash! Risky Mortgages
Today’s Times’ editorial page takes a swipe at “risky mortgages.” Seems that many homeowners are choosing not to put money down and/or making only partial payments on their interest-only loans.
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New home construction down in FF The hurricanes that caused soaring gas prices may also be having an effect on new home construction in Fergus Falls.read more...
Average mortgage hits high of $217,660 (Adelaide Confidential) GROWTH in the size of an average mortgage in South Australia has outstripped that of every other state during the past three years, according to figures released today.read more...
Two giants creating the biggest mortgage group in the US. Bank of America and Countrywide Financial have held discussions about an alliance that would create the biggest mortgage lending group in the US, people close to the matter said.Commentread more...
Strategies can temper inflation's erosion We are in a time of rising inflation. It might last for a while. There's not much a consumer can do about $103-a-barrel oil or $4.50-a-gallon milk. via The
H&R Block ups 3rd-quarter loss on subprime loan woes H&R Block Inc. shares dipped to a new 52-week low before recovering Wednesday after the nation's largest tax preparer said it was boosting its third-quarter loss on subprime lending woes.Commentread
Tonight's mortgage hot line 'phone-a-thon' canceled (Louisville Courier-Journal) A second "phone-a-thon" to counsel those with mortgage problems in the Louisville area has been canceled tonight due to icy weather.read more...