Rising foreclosures reshaping communities (USA Today)
If you're like most homeowners, you've probably never given much thought to whether your neighbors pay their mortgages on time. You've got enough to worry about....more...Default dilemma (The Mail Tribune)
At first glance, it sounded like the perfect home loan. When times were tight, Lola could pay as little as 1 percent interest on her Ashland home, postponing a payment or two until the end of the loan....more... Subprime Foreclosures On The Rise? (Forbes)
Rust Belt and Sun Belt suffer worst in the current housing meltdown....more... Rising Foreclosures Reshaping Communities (Builder Online)
ATLANTA -- If you're like most homeowners, you've probably never given much thought to whether your neighbors pay their mortgages on time....more... FHA Now offers 95% Cash-out for Credit Troubled Borrowers (PR Web)
Katz Mortgage Team, www.KatzMortgageTeam.net, of Amtrust Mortgage Corporation, has announced that due to recently increased credit restrictions in the sub prime market, FHA Cash-out refinance mortgages have surged in popularity. (PRWeb Apr 9, 2007) Post Comment:Trackback URL: http://www.prweb.com/pingpr.php/RmFsdS1aZXRhLUVtcHQtQ3Jhcy1NYWduLVplcm8=...more... FHA Now offers 95% Cash-out for Credit Troubled Borrowers (PRWeb via Yahoo! News)
Katz Mortgage Team, www.KatzMortgageTeam.net, of Amtrust Mortgage Corporation, has announced that due to recently increased credit restrictions in the sub prime market, FHA Cash-out refinance mortgages have surged in popularity....more... Jobs, not Subprime, Drive Foreclosure Rates (Rockland Village Soup)
NATIONAL (April 12): California is the home base for many of the country's biggest subprime lenders, including Countrywide Financial and Wells Fargo; and with 22 percent of its total mortgages considered "risky," it leads the nation in terms of lending to borrowers with flawed credit....more... Housing Bubble and Real Estate Market Tracker (SeekingAlpha via Yahoo! Finance)
A roundup of articles and data about the housing market....more... The gathering storm (Lancaster Online)
The calls, said Bob Thomas, don't always come from poor people. "One prospective client makes $100,000 a year," said Thomas, director of Tabor Community Services, which provides financial counseling. But he, too, had gotten a mortgage with low, low "teaser" rates that soon leapt to the stratosp......more... |