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Wilbur N. Ross Jr. intends to bid on American Home Mortgage's servicing unit in bankruptcy court. The billionaire investor told MortgageDaily.com that now is the time to start his planned entry into the mortgage business. Ross said he had been studying the industry for more than a year before making the move to acquire the unit. read more »
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Nationstar Mortgage LLC said it halted business from all of its wholesale channels. The subprime lender is a former subsidiary of Centex Corp. Nationstar said it stopped accepting new wholesale business on Sept. 21. read more »
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It's not likely you'll improve your present rate with a refinance, says Dr. Don. read more »
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A new, free resource, www.BizforView.com , provides the most secure, cost-effective and visually appealing way for business buyers, sellers and business brokers to connect instantly. (PRWeb Sep 24, 2007)

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Estemed finance writer Sharon Flaherty from FT Adviser, reports on Obelisk's Due Diligence process for the company's overseas property investor clients. (PRWeb Sep 23, 2007)

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Charlotte Office Condo is the online office condo resource for business owners and operators in the greater Charlotte area created by i3 Realty. (PRWeb Sep 21, 2007)

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Florida Mortgage - Are the current market trends favorable for you?



Mortgage rate overview..The Florida market currently reflects the nationwide drop down in mortgage rates - that of the common fixed rate loan options like 15 year fixed, 30 year fixed and the 1 year ARMs. However, the 5/1 year hybrid ARMs are slightly up by a few basis points and are currently on an upward trend.




Average mortgage rates this week


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California Mortgage Market - Current Trends and Forecast



Strong economic growth and moderate inflation over the final quarter of 2006 contributed to a softer market pattern in 2007. The Federal Reserve has held steady with the Fed Funds rate at which banks offer overnight loans to each other. It continues to do so in order to curb inflation and foster economic growth. The Prime rate which banks charge their potential customers also remains unchanged as it is based upon th read more »
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Mortgage Laws

Laws regarding mortgage at New York are worthy of consideration by anyone thinking of taking a plunge into the mortgage industry there. The following updated information throws light on the important aspects on this.


The mortgage lenders are required to provide a satisfaction and some mortgage related documents in accordance with Section 274 and 275 of New York State Real Property Law (RPL) and under Section 1921 of New York State Real Property Act read more »
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Current Trends in Texas Mortgage Market - Impact of subprime market downturn




Current mortgage rates and options
Mortgage rates in Texas have gone up slightly as is the scenario in markets throughout the nation. Fixed rate loans including 30 year and 15 year mortgages have climbed up slightly above 6%. Interest rates on 1 year ARM have gone up to 6.00% whereas 5/1 year hybrid ARM rate have exceeded the 6% mark. 15 year fixed rate loans still remains a popular
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