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Guilty plea in San Diego home loan fraud case
An Oceanside man has pleaded guilty to using the identities of other to obtain about $1.8 million in fraudulent home loans. Read comments
Rate cut hopes drive demand for variable rate loans
Home buyers are flocking to variable loans in the expectation of another interest rate cut, data shows. Mortgage Choice housing loan approval data from August shows variable loan demand is at a five
Westpac Banking Cuts Its Fixed Interest Rates for Home Loans
Sept. 15 -- Westpac Banking Corp. , Australia's second-biggest by market value, cut its fixed interest rate for home loans by as much as 30 basis points.
Guilty plea in San Diego home loan fraud case
SAN DIEGO - An Oceanside man has pleaded guilty to using the identities of other to obtain about $1.8 million in fraudulent home loans. Prosecutors said Wednesday that 63-year-old Robert Decker entered a guilty plea Tuesday in San Diego Superior Court.
Berkeley Approves City-Backed Loans for Solar Panels
The loans, offered to to property owners who install rooftop solar-power systems, would be paid off over 20 years as part of the owners? property-tax bills.
Fannie, Freddie collapse could help home loan borrowers
WASHINGTON - The government���s takeover of mortgage finance companies Fannie Mae and Freddie Mac should provide an opportunity to modify more home loans for troubled borrowers, a top government official said Wednesday.
Low rates on credit, loans are out there
Interest rates on everything from home mortgages to credit cards have been falling in recent weeks. So is it a good time to get a loan? Not necessarily. Unless you have gold-plated credit, you might not qualify for the lowest rates. In fact, if you have tarnished credit, you might not be able to get a loan at all.
Mortgage rates falling, but nervous home buyers may stay on sidelines
The collapse of investment bank Lehman Brothers and the bargain-basement sale of Merrill Lynch won't have much direct negative impact on mortgage borrowers, experts say. Some borrowers may even benefit: The turmoil on Wall Street has resulted in lower rates for some home loans, which should be good for the housing market. Still, falling rates may not be enough to motivate many potential buyers.
Berkeley Approves City-Backed Loans for Solar Panels
The city approved a program to give city-backed loans to property owners who install rooftop solar-power systems.
Auto Executives Lobby for Federal Loans
Executives from General Motors and the Ford Motor Company pressed their case on Tuesday for $25 billion in federal loans in a series of high-level meetings with lawmakers in Washington.
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