To dig a suitable irrigation ditch, whether it be buried pipe or, say, a French drain, there are essentially four steps, each with its own tool. Read More…
Reuters - Some progress is being nmade to modify home loans to borrowers with poor credit nhistories but more work by regulators and industry is needed, a nsenior U.S. banking regulator said on Thursday. Read More…
Teaser rates on exotic mortgages have gotten lots of borrowers into deep financial trouble. Fooled by the low initial rate, homebuyers took on more debt than they could afford, as they’re now beginning to realize as rates reset upward and…n Read More…
FT.com - Hedge funds are attacking bank decisions that help delinquent US mortgage borrowers remain in their homes in a move that pits some of the country's richest people against its least well-off. Read More…
FT.com - A generation ago, a mortgage was still a simple contract negotiated face-to-face between a borrower and a local bank manager. But the business of home lending has changed dramatically. Read More…
Stumbled across this nice article in London’s Daily Mail on how the 20-somethings and 30-somethings in the U.K. are becoming a “nation of mortgage slaves.” Given the extraordinary run-up in housing prices there, younger folks wanting to buy a house…n Read More…
Reuters - JPMorgan Chase & Co. is downplaying nits role in subprime lending even as spectacular flameouts in nthat sector have turned the Wall Street bank into one of the nbiggest originators of risky mortgages. Read More…
Rates on 30-year mortgages rose for a third straight week, hitting the highest level in eight months. Read More…
In our onn going series of articles about Second Life, the enormously popular nmake-believe on-line universe, we come back to the question of whether none can or WHY on earth they would own virtual real nestate. Anshe Chung would probably give you a loud and nclear “yes.” Chung is the avatar of a Chinese-born teacher living […]
AP - Rates on 30-year mortgages rose for a third straight week, hitting the highest level in eight months. Read More…