Construction Spending Continues its Decline in November
January 5th, 2009Construction spending in the United States continued to decline in November, falling by 0.6% month-over-month, according to the U.S. Department of Commerce. The consensus had forecast construction spending in November to decline by 1.4%. The total construction…(read more)
Original post by Mortgage News Daily
New York Fed Begins MBS Purchase Program
January 5th, 2009As promised, the New York Fed plans to begin buying U.S. mortgage and student debt effective immediately, in a move geared at thawing frozen credit markets in the country and restore confidence of the economy. "This program, first announced on November…(read more)
Original post by Mortgage News Daily
Victim Borrowers Allowed To Testify
January 5th, 2009Philip Coon, EVP of Coast Bank of Florida, and John Miller, President of American Mortgage Link, were charged for their roles in a fee splitting scheme.  As previously reported by Mortgage Fraud Blog, the scenario involved undisclosed, additional fees charged to Borrowers at closing. The fees were sometimes ultimately paid by Coast of Bank of Florida, the Borrowers and other, and were then split between Coon and MIller.  …
Original post by default@goarticles.com (Angella Conrard, Reverse Mortgage Advisor)
Movers: Apple, Pharmaceutical Product Development, Walgreen
January 5th, 2009UK house prices fall to new low. How you can get into the mortgage market
January 5th, 2009More doom and gloom as the average price of a UK home has fallen to levels last seen in August 2004.
We have seen house prices fall by 16.2% in 2008 which is said to the biggest annual drop since r…
Original post by default@goarticles.com (Chris Borthwick)
5 Mortgage Options To Consider As A Homebuyer
January 5th, 2009It can be stressful purchasing a house in regards to searching the good house, determining how you are going to pay for it, and calculating how much it is in reality going to cost you. And the lis…
Original post by default@goarticles.com (Prosperit⾆)
What a shame about banks and mortgage companies. 12/15/08
January 4th, 2009I said before, you need Robin Hood.
(Copyrighted)
It is amazing how we (the consumers) are taken advantage of in every direction possible. It seems that there is no one who cares for us.
Thr…
Original post by default@goarticles.com (Mike Samadi)