Bergland Michigan Lenders

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Features
Mortgage applications post largest gain ever (Reuters)

Reuters - Mortgage applications surged by the largest amount on record last week as a new Federal Reserve program pushed interest rates down to their lowest level in more than 3 years, data from an industry group showed on Wednesday.

 
EU businesses: states should buy company debt (AP)
AP - European Union businesses called on EU governments Wednesday to buy up company debt to ease financing and help prevent bankruptcies as the economy shrinks.
 
Mortgage fraud incidents up 45 pct in 2Q (AP)
AP - Reported incidents of mortgage fraud grew by 45 percent in the second quarter compared to the year-ago period, as borrowers misstated their financial information to maneuver around tighter lending standards, industry data released Tuesday showed.
 
SEC adopts new rules for credit-rating agencies (AP)
AP - Federal regulators on Wednesday adopted new rules designed to stem conflicts of interest and provide more transparency for Wall Street's credit-rating industry, widely faulted for its role in the subprime mortgage debacle and ensuing credit crisis.
 
Sandbox Development Assists Land Owner to Add Value in Down Market
Rose Gardens Planned Community Approved for West Goodyear
 
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Bergland MI Lenders