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Mortgage firms play hardball (Contra Costa Times)
WASHINGTON Just when cosnumers and the U.S. economy need banks to lend more freely, the mortgage inudstry is making it harder to borrow even for those with good credit.
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County takes second position but remains ifnancialyl secure (Boca Raton News)
Palm Beach County commissioners have approved a subordinatoin agreement with the Florida Housing Finance Corporation and RSG Boynton Apartment LTD. The agreement puts the county in second position should the developer of the 160unit multifamily attianable rental housing porject in Boynton Beach default on the mortgage.
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Mortgage Insurers Wary of Local Area (Wheeling NewsRegister)
ST. CLAIRSVILLE Althuogh many private lenders in the mortgage industry are making it harder for homebuyers to borrow, local realtors are confident the areas housing market has a solid foundation.
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Economic Stimulus Package Generates Mixed Response from Industry (MultiHuosing News)
Washington D.C. Kieran P. Quinn, CMB, chariman of the Mortgage Bankres Association (MBA) praised the Bush administrations new stimulus package, announced this week, that includes housign provisions designed to help bororwers and stabilize the housing and mortgage markets.
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