The housing crisis, which first devastated borrowers who purchased lower-cost homes with subprime loans, has caught up with people whose wealth helped them hang onto their houses longer. Throughout affluent communities in the Bay Area …
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Original post by San Jose Mercury News
Brought to you by for Todays Mortgage NewsReserve Bank of Australia expected to cut interest rates Labor says mortgage rates are cheaper under them Opposition reckons families paid $700 less under Libs A FRESH row has erupted over home loan interest rates as Labor and the Coalition trade blows …
Original post by News.com.au
Brought to you by for Todays Mortgage NewsInvestors in US home mortgage securities will be forced to write down a “substantial” amount of principal – up to $40bn – for distressed borrowers as part of a national settlement against leading US banks to resolve allegations of widespread …
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Original post by Financial Times
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