Study: Mortgage Process is Biased

Are interest rates or fees you're quoted on a mortgage affected by your race or ethnicity? Do mortgage brokers offer the same deals to African American and Hispanic applicants with identical incomes, credit scores and employment histories compared with white applicants? ...

Lead Traders the new Sex Symbol

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Lead Traders the new Sex Symbol

4 Years Imprisonment for a Real Estate Agent

"A real estate agent from Lakewood has been sentenced to 49 months in federal prison after pleading guilty in March to wire fraud and money laundering that involved arranging more than 100 fraudulent loans and mortgages for illegal immigrants and other unqualified home...

The right for the whole world to own a piece of the American Dream

It may come as a terrible shock to some, but the whole world doesn't want a piece of the American Dream.

Banks are providing home loans to undocumented U.S. residents

The banking industry is opening its doors to a controversial new market: illegal immigrants.

Can Commercial Real Estate Loans Hurt Banks?

The commercial real estate managed to surge after several years of downfall. In Florida, loans on construction and development increased 66% last year.  David H. Wells Jr., president and CEO of K Bank, said that the federal effort has already affected his $650...

Recent Fed Moves Did not have Big Impact on Rates

The Primary Mortgage Market SurveySM results were recently released by Freddie Mac/ The 30-year fixed-rate mortgage had an average of 6.58% for the week ending May 11, 2006. The result was down from last week's average of 6.59%. The 15-year fixed-rate mortgage for the week...

Mortgage Rates Up For 5 Consecutive Weeks- Bankrate

RP - Fixed mortgage rates have increased again. Fixed mortgage rates increased with the average 30-fixed rate mortgage. Bankrate.com reported on its weekly national survey of large lenders that the fixed mortgage rates reached 6.64%. On the other hand, the average 15-year...