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Features
Mortgage application, refinance volume surge (AP)

The Riverton Houses residential complex in Harlem, N.Y., is shown in New York, Tuesday Dec. 2, 2008. The company that owns the 1,232 unit Riverton Houses complex in Harlem said over the summer that it was in danger of defaulting on its $225 million, 10-year, interest-only mortgage. The company, Stellar Management, bought the complex in 2005 and had planned to convert more than half of its rent-regulated apartments to market rate by 2011. Tenants, however, have been reluctant to leave the pleasant development, with its long grassy mall, tree-shaded playground and marble lobbies, and local laws prevent the landlord from forcing them out or raising their rents by more than a small amount each year. (AP Photo/Bebeto Matthews)AP - Mortgage application volume more than doubled during the shortened Thanksgiving week, according to the Mortgage Bankers Association's weekly application survey.



 
RBS to give struggling homeowners more time to pay (AP)
AP - Royal Bank of Scotland Group PLC said Monday it would give homeowners who miss mortgage payments at least six months before starting repossession action — double the three months it used to give.
 
TransUnion: 3Q mortgage delinquencies shoot higher (AP)
AP - The percentage of people who are two months behind on their mortgages shot up in the third quarter from the same period last year, according to credit reporting agency TransUnion LLC.
 
Rachel Pinder, with Island Living Real Estate in Nassau, Bahamas, explains the benefits of the new tax exemption for the home buyers.
The Bahamian government recently made the first $500,000 of real estate exempt from stamp taxes, provided the property is owner-occupied.
 
Homes Overseas Announces New Egypt Property Buying Guide
Homes Overseas, the leading overseas property experts have added a property buying guide titled 'Now's a Good Time to Buy Golf Property in Egypt'. The guide is a detailed presentation, with well substantiated details for interested property buyers.
 
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Bear Poplar NC Lenders

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