Abshers North Carolina Lenders
Features U.S. working on affordable mortgage plan: sources (Reuters) Reuters - The Treasury Department is developing a plan to try to reduce mortgage rates on home loans to 4.5 percent on typical mortgages by expanding its purchases of mortgage backed securities, sources familiar with the plan said on Wednesday. "Bottom's been made" in stocks: Legg Mason's Miller (Reuters) Reuters - Legg Mason's Bill Miller, a celebrated value investor but whose stock picking is far off the mark this year, said on Wednesday the "bottom has been made" in U.S. equities, and forecast opportunities for strong gains once markets rally. Sandbox Development Assists Land Owner to Add Value in Down Market Beazer Homes 4Q loss balloons as revenue plunges (AP) AP - Homebuilder Beazer Homes USA Inc. gave Wall Street a double-shot of discouraging news Tuesday: Its fiscal fourth-quarter loss more than tripled from a year ago and it expects to lose money throughout 2009. 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. News
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