HUD settles with KB Home Mortgage (bizjournals.com via Yahoo! Finance)
The Department of Housing and Urban Development announced it reached a $3.2 million settlement with KB Home Mortgage Co. in
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Sweating it out:Poll:Many homeowners worried they can't handle adjustable mortgage increases (Gloucester Daily Times) WASHINGTON (AP) - The future is gnawing at homeowner Scott Klimek. Will the interest rate on his adjustable-rate mortgage go up? Will he be able to afford the monthly payments
Mortgage rates fall, refi boomlet continues (Bankrate.com) Mortgage rates fell this week, keeping a refinancing boomlet alive.read more...
Tradition's end makes skilled labor scarce WASHINGTON Hours before dawn one Saturday, crane operator Mike Haley started his workday at an area McDonald's, where he met his fellow construction workers for breakfast.via
Lawsuit Seeks to Deflate The Puffery in Appraisals When an appraiser hired by your mortgage company confirms that the house you are buying is worth what you're paying, that's reassuring. read more...
How to survive 7 big budget busters Financial stress doesn't result just from credit cards. Truly serious problems arise because you don't plan properly for the most important, fixed costs in your life.via
FBI Probes Virginia Mortgage Scam The sidewalks are still scrubbed and most lawns are neatly trimmed, but now the subdivision of townhouses off Route 1 in Woodbridge is pocked with empty windows and foreclosures.