Types Of Bankruptcy

Housing affordability has improved slightly across Canada: RBC Economics  TORONTO - Housing affordability improved in the third quarter, thanks to faster income growth and slower home price increases, Royal Bank's RBC Economics division says in its latest housing report.read


Mortgage industry group spent $3.7 million lobbying in 2007 (AP via Yahoo! Finance)   The mortgage industry's main lobbying group spent $3.7 million to lobby the federal government last year as it tried to fend off legislation to let bankruptcy judges rewrite mortgages


Credit unions help young adults save  Credit unions can be a great choice for savers with little money and a thin credit history.read more...


Event Horizon  via


Justice Department probes allegations of discrimination in mortgage lending (Sun-Sentinel)  WASHINGTON The Justice Department is investigating several possible instances of discriminatory mortgage lending, and plans to open more inquiries soon, an agency attorney told lawmakers on Wednesday.


Mortgage concerns batter Washington Mutual shares (AP via Yahoo! Finance)   Shares of Washington Mutual Inc. fell sharply Thursday, as concerns persisted about the company's mortgage portfolio following its report of a $3 billion quarterly loss earlier this week.read more...

September 30th, 2007

Renting a home vs buying- the numbers might surprise you

“The people have spoken, the bastards.”

P.s. for the record, I agree that Nuclear power is the worst possible choice, except for all the other choices. via Peak Oil News & Message Boards- Forums



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September 30th, 2007

In the market

“If you can make it over that initial hump … I should be able to be successful in real estate”

Undeterred by the downturn in the national housing market, people are still launching careers in real estate. via Roanoke Times



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September 30th, 2007

Why You Should Refinance Now If You Have an Adjustable Rate Mortgage (The Bradford Era)

(ARA) – If you took out a mortgage on your home between 2002 and 2005, chances are good you ended up going with an adjustable rate mortgage or ARM. Back then, it was just too good of a deal to pass up.

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September 30th, 2007

7,000 taxpayers may have to amend returns

“It appears to be solely for their benefit”

About 7,000 Phoenix-area taxpayers who used a Gilbert tax preparation firm will be required to file amended state tax returns, officials said. via Arizona Daily Star



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September 30th, 2007

August mortgage approvals weakest since April (Reuters via Yahoo! UK & Ireland News)

Mortgage approvals for house purchase fell in August to their lowest level since April, data showed on Monday, providing further evidence that the property market is losing momentum.

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September 30th, 2007

Mortgage data points to slowdown (Guardian Unlimited)

Number of new mortgage approvals fall to lowest level since April as higher interest rates take their toll on buyer confidence.

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September 30th, 2007

Excessive mortgage defaults cause NetBank shutdown (Deseret Morning News)

NetBank Inc., an online bank with $2.5 billion in assets, was shut down by the government on Friday because of an excessive level of mortgage defaults.

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September 30th, 2007

Mortgage data points to slowdown (Guardian Unlimited)

10am: The number of new mortgage approvals in Britain fell to their lowest level since April in August. By Larry Elliott.

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September 30th, 2007

(AFX UK Focus) 2007-10-01 10:49 GMT: DG Hyp public sector & mortgage Pfandbriefe affirmed on merger plan end - Fitch (Interactive Investor)

MUMBAI (Thomson Financial) – Fitch Ratings has affirmed its ‘AAA’ rating on Deutsche Genossenschaftshypothekenbank’s (DG Hyp) public sector and mortgage Pfandbriefe—German mortgage-backed bonds, following the end of merger plans with Munchner Hypothekenbank eG (MHyp).

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September 30th, 2007

Paradigm Mortgage Services launches with 500 individuals signed up (Money Marketing Online)

Paradigm Mortgage Services has officially launched to market today, with 500 individuals already signed up.

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