Mortgage Loan Network

Wachovia said Monday it 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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CHARLOTTE, N.C. Wachovia Corp. will quit offering a mortgage payment option that allows borrowers to pay less each month than the bank charges in interest. That was one option of its controversial Pick-A-Payment mortgages. (AP)

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As if the real estate slump wasn’t severe enough—with prices sinking and foreclosures dumping ever more homes on the market—another threat has emerged: rising mortgage rates.

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John Charcol, one of the UK?s largest mortgage brokers, has axed a quarter of its workforce and closed three of its eight UK branches because of the turmoil in the housing market.

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This Thursday June 26 at the Citizens Center is the 5th Annual Home Building & Products Expo sponsored by the Lincoln County Home Builders Association.

For the first time ever in Oklahoma, high school students learn Math skills while constructing a home.

Roofers have made an unsettling discovery while working on a house in Tooele, Utah.

Some contractors in the area are feeling the effects of the slumping economy and are fighting for business remodeling homes.

This might not be worth a post, but anyway: Arnold Zwicky has a post at Language Log on “home” vs.

The housing market was hit by more desperate news this morning as figures revealed the number of mortgages approved for people buying a house had fallen to a record low during May.