Roatan Interest - News Feeds

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Home mortgage rates and real estate news - CNNMoney.com
From CNN and Money magazine, CNNMoney.com combines business news and in-depth market analysis with practical advice and answers to personal finance questions.

How housing rescue bill can help you The House on Wednesday passed a $300 billion housing rescue bill aimed at helping troubled homeowners avoid foreclosure and supporting mortgage giants Fannie Mae and Freddie Mac. 2.2 million vacant homes for sale The percentage of vacant homes available for sale remained relatively flat in the second quarter, but still hovered in record territory. New Fed rules miss one key lending abuse Mortgage brokers and loan officers are getting paid fat fees by lenders to put unsuspecting borrowers into expensive loans. And the new lending rules issued last week by the Federal Reserve do nothing to stop this abusive practice. Need a mortgage? Bring cash Are you ready to buy a house in this crazy market? Better bring a boatload of money to the closing. Mortgage applications fall 6.2% Read full story for latest details. Latest home prices - first quarter Single-family home prices dropped 7.7% in the first quarter in the largest year-over-year decline since the National Association of Realtors began reporting prices in 1982. Where home prices are headed next The housing implosion is nowhere near over. In 75 of the 100 top U.S. cities, prices are expected to fall in the next 12 months according to Fiserv Lending Solutions. A plan to jumpstart the mortgage market A group representing the buyers and sellers of mortgage backed securities unveiled a plan on Wednesday to recharge the moribund mortgage securitization market. California foreclosures hit 20-year high Read full story for latest details. Wachovia to exit wholesale mortgage business Read full story for latest details.

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