Pa. Predatory Loans Have Effect
The Pennsylvania Banking Department released a study last month examining the epidemic of foreclosures in the state and how predatory lending created the crisis.
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30-year mortgage rate increases to 6.25% (Courier-Post) The average 30-year fixed mortgage rate rose to 6.25 percent, according to Bankrate.com's weekly national survey of large lenders.read more...
Taxing Issues Q: Can you tell us about the report the tax-reform panel will be filing on Nov. 1? It's been reported that you're hoping to reduce some popular tax breaks, including
Mortgage lender in takeover talks (Financial Times) Kensington Group, which specialises in mortgage lending to customers with patchy credit records, has said it is in advanced take-over talks that could value the business at up to £290m.read
More on Existing Home Sales NAR reported that existing home inventories are at record levels today. To put these numbers into perspective, here are the year-end inventory and months of sales numbers, since 1982
Thrifts' quarterly profits tumble in housing downturn "We're working on a proposal that would involve loan modifications to those borrowers that have demonstrated that they are able to handle their current payments, but may not be able
St James's Place set to axe 99 mortgage staff (Yorkshire Post Today) Ros Snowdon Deputy City Editor WEALTH manager St James's Place is to cut nearly 100 mortgage advisers from its sales force in order to focus on its core wealth management