FTC hopes to fight mortgage fraud
FTC hopes to fight mortgage fraud
Feb. 10, 2010 — Chicago Sun-Times
To combat fraud, the U.S. Federal Trade Commission seeks to ban foreclosure rescue and mortgage-modification-services companies from charging upfront fees.
Spec Houses Rise as Builders Bet on Buyers Before Tax Credit Ends
Feb. 10, 2010 — The Wall Street Journal
Home builders are ramping up speculative construction to attract last-minute home buyers who want to tap a soon-to-expire tax credit.
Fed to Reveal Its Strategy for Raising Interest Rates
Feb. 10, 2010 — The New York Times
Ben S. Bernanke, having survived a surprising challenge to his second term as Federal Reserve chairman, now faces the delicate task of beginning to pull the central bank out of its extraordinary effort to prop up the economy, Sewell Chan writes in The New York Times.
PMI Sees Bottom in Home Prices
Feb. 5, 2010, — DSNews
A new study from PMI Mortgage Insurance Co. suggests home prices have found their bottom.
Mortgage Investors Push for Principal Writedowns
Feb. 9, 2010 — DSNews
Mortgage principal – to cut or not to cut – has grabbed a fair share of the media spotlight in recent weeks. A number of experts and analysts are plugging principal reduction as a practicable means of ensuring payments keep coming in and homeowners don’t redefault on their modified loan.