A mortgage broker is one of several sour…. (forman nd condominiums)
A mortgage broker is one of several sources that homebuyers can use to obtain a mortgage.
Even with ARMs, there is an initial period in which the interest rate is fixed.
November pending home sales slide
Pending sales of existing homes fell 2.6 percent in November from an October level that was revised sharply upwards and sales should hold steady over the next few months.
Linguists: ‘Subprime’ is word of the year
Even the American Dialect Society knows how risky home mortgages are these days. The group of wordsmiths chose “subprime” as 2007’s Word of the Year at its annual convention Friday.
Fannie CEO: No housing recovery until 2009
The chief executive of Fannie Mae told shareholders Friday that he does not expect a recovery for the ailing U.S. housing market until 2009, and that the mortgage-finance company is strong enough to ride out the storm.
Paulson rules out bailout for mortgage crisis
The Bush administration reacted coolly to a suggestion from former Fed chief Alan Greenspan that the government should consider bolder efforts to deal the mortgage crisis.
Housing crisis killing holiday-shopping spirit
The housing crisis is taking a toll on consumer spending and it is one of the biggest factors behind what is expected to be the weakest holiday season in five years.
Illegal immigrants smuggled into new homes
Immigrant smugglers are renting vacant new homes in the Phoenix suburbs and using them as stash houses for the people they have slipped across the Mexican border.
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