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News about Mortgages:
Suthers cracks down on mortgage fraud - Rocky Mountain NewsColorado Attorney General John Suthers on Tuesday announced a wide-ranging crackdown on mortgage fraud-involved settlements with local and out-of-state firms. It marks the biggest resolution of cases since Suthers announced two years ago that he ...
GMAC applies to become a bank holding company - San Francisco GateGMAC said the change in status would shore up its capital position and help it continue to provide automotive and mortgage financing. GMAC is majority owned by the private equity firm Cerberus Capital Management LP, which also owns most of Chrysler ...
Credit hangover threatens Australia’s stimulus plan - Business Day South AfricaA DECADE-long credit binge by Australians has left them struggling with a mountain of debt that may blunt central bank and government moves to stimulate the economy and avoid recession. While the central bank has slashed official cash rates to ...
Mortgage cannibals rule - IndependentHannibal Lecter, played by Anthony Hopkins was into cannibalism but not of the mortgage variety FANCY engaging in a bit of cannibalism? It is not as unpleasant as it sounds and it could save a mountain of money and help you clear your mortgage in jig ...
HBA backs stimulus plan - Rocky Mountain NewsThe Home Builders Association of Metro Denver has recently endorsed an initiative that urges Congress to act on a stimulus package that would provide home buyers with a "true" tax credit and below-market mortgage rates. Matt Osborn, 2008 HBA ...
Suthers cracks down on mortgage ads - Denver Business JournalThree Colorado mortgage brokers have reached settlements with state Attorney General John Suthers to end what Suthers called the “deceptive use of teaser rates in mortgage-loan advertisements” in Denver newspapers. The agreements were part of a ...
Losing it all: Subprime loan mess slamming doors on homebuyers in ... - Lynchburg News and AdvanceYou wouldn’t expect a $1 million home on Easy Street on Smith Mountain Lake to end up in the same situation as a $20,000 house from inner-city Lynchburg. One was built as a lakeside mini-mansion in 2006. It has 5,200 square feet, granite ...
Who benefits from the new Fannie-Freddie plan - CNN MoneyNEW YORK (CNNMoney.com) -- Mortgage giants Fannie Mae or Freddie Mac may back 30 million mortgages. But that doesn't mean that the new foreclosure prevention program announced this week by the Bush administration will rescue every troubled borrower ...
Some parts of U.S. escape housing mess - AZCentral.comThere are no stretches of empty homes in new subdivisions. Foreclosure signs on front lawns are few. Local banks are still lending. In 17 locations around the nation, many made up of small cities surrounded by large rural areas, 50 percent or more of ...
Valley home sales up 24% in October, but median price falls 34% - Contra Costa TimesSilicon Valley home sales spiked 24 percent in October compared with the same month last year. But that increase may be short-lived, some in the real estate industry say, because the plunging stock market and economic uncertainty have led many people ...
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