Mortgage Loan Network

About two years ago, when framing contractor Rob White saw the first signs of a housing construction downturn in Minnesota, he employed 25 workers on five crews.

Q: Both my husband and I work demanding jobs – long hours, a lot of travel, like that, so we decided to move downtown to reduce the commuting time.

THE five Venice homes in a self-guided tour this Sunday sponsored by the American Institute of Architects feature contemporary designs, all within a mile of one another.

Starting today, anyone who wants to get a license to work as a home-improvement contractor in Westchester County will have to pass a test.

Q: I currently maintain checking and savings accounts in a national bank. Because of my business, I ran almost $7,000 through the account last month.

Beleaguered consumer bank Wachovia Corp. said Monday it will quit offering a mortgage payment option that allows borrowers to pay less each month than the bank charges in interest. The choice to pay less was one of the options of Wachovia’s controversial Pick-...

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Beleaguered consumer bank Wachovia Corp. will quit offering a mortgage payment option that allows borrowers to pay less each month than the bank charges in interest.

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Wachovia said Monday that it’s immediately waiving all prepayment penalties on its Pick-A-Pay residential mortgage loans, giving borrowers more flexibility to refinance out of the controversial loans. (WB)

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“In the aftermath of a long credit-driven boom, it would not be surprising to see turmoil in financial markets, slowing real growth and temporarily rising inflation,” the BIS said in its annual report.

Beleaguered consumer bank Wachovia Corp. said Monday it will quit offering a mortgage payment option that allows borrowers to pay less each month than the bank charges in interest.

read more…