Ex-councilwoman sentenced to prison in mortgage fraud case (Jefferson City News Tribune) KANSAS CITY, Mo. (AP) - A former Kansas City councilwoman was sentenced Friday to two months in prison and four months of home detention for mortgage fraud.read more...
30-Year Mortgage Rate Tops 6% (Los Angeles Times) The average mortgage rate rose above 6% for the first time since the spring and home buyers face the prospect of higher rates in the months ahead, according to a
Mortgage giants may see changes (San Diego Union-Tribune) As policymakers work to ease the strain on mortgage giants Fannie Mae and Freddie Mac, a consensus is emerging that the two companies will have to look substantially different in
Schumer says tighter rules needed for mortgage brokers (Market Watch) WASHINGTON (MarketWatch) -- Mortgage brokers should operate under tighter regulations and states should be allowed to use bonds to refinance subprime loans, Sen. Charles Schumer, D-N.Y., said Wednesday.
Timing key to home sale When Jane Lee first put her house on the market, she didn't have much success selling it.via
Mortgage rates turn higher (CNNMoney.com via Yahoo! Finance) Mortgage rates rose last week, with the 30-year fixed mortgage averaging 6.23 percent for the latest week, up from 6.21 last week, according to Freddie Mac's survey released Thursday.read
Part 2: Navigating a tough housing market Editor’s note: In this three-part series, brokers and agents share tips and insight on approaching buyer and seller standoffs and ways professionals can keep a …
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Record inventory puts brakes on sales, prices Existing-home sales in Canada fell 6.7 percent below their year-ago level in September, as for-sale inventory rose to a new high, according to seasonally adjusted …
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U.S. mortgage applications fell last week, despite a drop in interest rates, an industry trade group’s data showed Wednesday.
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Real estate investment trust MFA Mortgage Investments Inc. said Wednesday its third-quarter profit rose 19 percent, but that rising interest rates would continue to weigh on results.
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WASHINGTON (MarketWatch)—Applications for mortgage loans dropped last week by 3% compared to the prior week, as consumers shrugged at lower interest rates, the Mortgage Bankers Association reported Wednesday.
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Mortgage lender Abbey now allows homebuyers to borrow up to five times their salary. This will prove to be a huge mistake…
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(RTTNews) – Industry data released on Wednesday showed that mortgage loan application volume fell in the most recent week, due in part to a steep drop in refinancing activity.
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A state mortgage brokers association wants uniform standards instead of the current dual qualifying system.
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This 50-plus story Bankrate guide reviews developments in the personal financial landscape over the past year, how it’s expected to play out in 2007 and sage advice on the best moves consumers should make.
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