House of pain - Milwaukee Journal Sentinel

Posted by @ 11:58 pm, May 31st, 2008

House of painMilwaukee Journal Sentinel, WI - 1 hour agoThe real estate boom stalled, and many subprime borrowers found themselves unable to refinance or sell their homes. In Medellin's case, the deal wouldn't …

Renter's rights if owner faces default - San Francisco Chronicle

Posted by @ 11:40 pm, May 31st, 2008

Renter's rights if owner faces defaultSan Francisco Chronicle,  USA - 3 minutes agoI realize that the property owner could still make up the past-due mortgage payments, but as I understand it, if I pay the rent to the property manager I …

Silver lining in foreclosure cloud - San Francisco Chronicle

Posted by @ 11:13 pm, May 31st, 2008

Silver lining in foreclosure cloudSan Francisco Chronicle,  USA - 30 minutes agoWhen anyone with a pulse could get a mortgage, prices rose to absurd levels and put home ownership out of reach for many middle-class people who wanted to …

Closing costs all over the map, study finds - San Francisco Chronicle

Posted by @ 9:59 pm, May 31st, 2008

Closing costs all over the map, study findsSan Francisco Chronicle,  USA - May 31, 2008So do people who got their loans through mortgage brokers instead of directly from a bank or thrift. The study was commissioned by the Department of Housing …

Consumers Lean on Rebate Checks for Bills and Gas - New York Times

Posted by @ 8:20 pm, May 31st, 2008

Consumers Lean on Rebate Checks for Bills and GasNew York Times, United States - 1 hour ago… with people from Florida to California. Guillermo Gonzalez, a wine salesman, said he was behind on payments and sent his rebate to the mortgage company. …

Man gets 24 years for running Ponzi scheme - San Diego Union Tribune

Posted by @ 7:37 am, May 31st, 2008

Man gets 24 years for running Ponzi schemeSan Diego Union Tribune, United States - 26 minutes agoSwain tricked 99 consumers between 2003 and 2006 into investing between $1000 and $100000 in mortgage certificates for properties that did not exist. …

Minorities pay more in closing costs - Trading Markets (press release)

Posted by @ 6:46 am, May 31st, 2008

Minorities pay more in closing costsTrading Markets (press release), CA - 5 hours agoHUD is proposing improvements in standards for disclosure of loan terms and the closing costs consumers pay when they buy a home or refinance a mortgage. …NEW STUDY FINDS CONSUMER CONFUSION LEADS TO HIGHER CLOSING COSTS Trading Markets (press release)all 4 news articles

It's Only Going to Get Worse - The Weekly Standard

Posted by @ 12:03 am, May 31st, 2008

It's Only Going to Get WorseThe Weekly Standard - 1 hour agoThey are also the homes whose owner has the least incentive, and usually the least ability, to service the mortgage or pay the property taxes. …

New Study Finds What Leads to Higher Closing Costs - RisMedia.com (press release)

Posted by @ 10:30 pm, May 30th, 2008

New Study Finds What Leads to Higher Closing CostsRisMedia.com (press release), CT - May 30, 2008HUD is currently proposing to improve disclosure of the loan terms and closing costs consumers pay when they buy or refinance their home. …

Homeowners pay more with mortgage brokers, study says - San Jose Mercury News

Posted by @ 8:07 pm, May 30th, 2008

Homeowners pay more with mortgage brokers, study saysSan Jose Mercury News,  USA - 10 minutes ago"I doubt that it's hogwash entirely, but there are some fundamental errors of fact," said Pete Ogilvie, president of the California Association of Mortgage …