Today’s subprime meltdown - and tomorrow’s bigger Alt-A mortgage debacle - will bring out a lot of politicians who will demand that something be done to protect consumers from dangerous loans.
Not if you want to build wealth, new research suggests.
The sharp decline of the subprime housing market offering high-cost mortgages hasn’t yet hit bottom, the head of home mortgage buyer Freddie Mac said yesterday.
While the residential mortgage market is ‘‘tightening up” across most of the nation, Maryland mortgage industry players are more sanguine. Read the rest of this entry »
When you take out a mortgage, it’s true: your credit report initially falls. What’s the reason for this drop? And how can you quickly reverse it?
One of the nation’s biggest banks and mortgage lenders is turning to a Bellevue, Wash., home mortgage company to help broaden its reach with older Americans.
Cheer up, Massachusetts.
That’s the message of the Patriot Ledger, regarding the current state of the Bay State’s real estate market. While the state has been stuck in a lengthy bust, one expert says that things are good here compared with most of the country.
Shares in Countrywide Financial, America’s biggest independent mortgage lender, took a knock yesterday after the company revealed first quarter profits had fallen a worse-than-expected 37 percent.
U.S. home builders are in jeopardy of violating their home loan lending agreements in coming months because of a widespread drop in national home sales, according to investors.
In the latest sign of weakness in the housing market, there are a record number of homes sitting vacant and for sale in the United States, and the percentage of Americans owning a home has slipped slightly.