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Foreclosure is an Equal Opportunity Threat
KOLD-TV - By the time the housing boom peaked in 2005, fully 20 percent of new mortgage loans were subprime, four times the share a decade earlier. The borrowers are a diverse group: Many have low incomes, but Mr. Ynigues says he was pulling in nearly $3,000 a
Source: www.kold.com

Subprime loans spark disagreement
Philadelphia Daily News - WASHINGTON - Troubles with risky loans have given the whole mortgage industry a black eye, a top mortgage-banking executive said yesterday. “It’s not just our reputations that have been damaged. People have been hurt . . . all because of a very few
Source: www.philly.com

Buy? Sell? Hold? Business reporter Catherine Reagor follows the ups
AZCentral.com - Contacting distressed borrowers promptly to try to work out arrangements, reducing rates and changing terms to make loans less costlier, and helping people refinance at lower costs. These groups and lenders agreed to the plan: the Mortgage Bankers
Source: www.azcentral.com

Financial Futures
Washington Post - You argue that it is sometimes not good to pay off a mortgage, how about student loans? BTW - the interest is non-deductible for me, my income is too high. Martha M. Hamilton: I don’t think paying off student debt with such a low interest would be a
Source: www.washingtonpost.com

Ahead of the Bell: Mortgage Applications
Boston Globe - Some mortgage lenders that don’t issue subprime loans are reporting problems with borrowers with better credit. Shares of the nation’s largest homebuilders, including Beazer Homes USA inc., Standard Pacific Corp. and DR Horton Inc., rose Tuesday after
Source: www.boston.com

This entry was posted on Wednesday, May 23rd, 2007 at 4:30 pm and is filed under Online Mortgage Tips. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.