House Committee Votes On Another Bit of Foreclosure Relief
December 13, 2007
The U.S. House Judiciary signed off on Wednesday on a bill designed to
help certain bankrupt homeowners stay in those homes.
The highly controversial bill is yet another piece in a
crazy-quilt of government and mortgage industry attempts to curtail
rising foreclosures and stem the collapse of lending and lenders.
National Rental Vacancy Rate Unchanged from October 2006 at 2.6 per cent
December 13, 2007
OTTAWA, Ontario, December 13, 2007 — The average rental apartment vacancy rate in Canada’s 34 major centres1 remained unchanged at 2.6 per cent in October 2007 compared to October 2006, according to the Rental Market Survey released today by Canada Mortgage and Housing Corporation (CMHC).
Two Surveys Show Big Rate Moves In Opposite Directions
December 13, 2007
The two mortgage interest rate surveys upon which we
report each week showed big changes for long term rates during the week
ended December 6 and 7, but the difference in the outcomes was striking.
Two of the products tracked by Freddie Mac dropped to new two year lows
while the Mortgage Bankers Association (MBA) reported substantial upward
movement.
FHA loans may be what you are looking for
December 13, 2007
An outstanding option for home buyers and current homeowners making a comeback are the loans insured by the Federal Housing Administration.