Real estate website Zillow expands into the mortgage business – As technology companies move into consumer finance, Wall Street banks face the dilemma of beating them or joining them. Neither the Saudi energy minister nor OPEC’s chief discussed oil prices with.
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Moody’s Investor Service calculates Sydney mortgages. – Moody’s Investors Service, a global credit ratings agency, calculated that home borrowers in Sydney were still paying 33 per cent of their household income on monthly mortgage.
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Subprime mortgage crisis – Wikipedia – The United States subprime mortgage crisis was a nationwide financial crisis, occurring between 2007 and 2010, that contributed to the U.S. recession of December 2007 – June 2009. It was triggered by a large decline in home prices after the collapse of a housing bubble, leading to mortgage delinquencies and foreclosures and the devaluation of housing-related securities.
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People discussing down payment options for a house. Whether your lender will require you to pay for private mortgage insurance (PMI).
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Why aren’t there enough houses to buy? – MarketWatch – · Millions of homeowners don’t have quite enough equity to make it worth selling. Lots of attention goes to “underwater” homeowners – those who owe more on their mortgage.