This time CBS has jumped on the bandwagon in a number of stories lately that have been negative towards the growing number of Americans taking up interest only loans.

In the midst of the current real estate boom, many Americans are buying homes with interest-only mortgages.
But The Early Show financial adviser Ray Martin warns many people […]

The it looks like the law has finally caught up with a bunch of West Coast scam artists who keep popping up around the country. Interesting story
When Contact 4’s Joe Ducey confronted the Dorean groups’s Scott Heineman, he claimed there were no risks and that for a fee, he would help anyone get out of […]

The National Council of La Raza (NCLR), the largest national Hispanic civil rights and advocacy organization in the U.S., has released Jeopardizing Hispanic Homeownership: Predatory Practices in the Homebuying Market, the first report to provide a comprehensive analysis of the mortgage products and lending tactics targeted at Hispanic homebuyers. The report examines the homebuying and […]

I could nearly have named this post “keep away Federal Reserve”, because it looks as though rates are on the way up, and once they go up enough the bubble will burst; history shows this to be the case. It won’t happen strictly everywhere, but it will happen in most places, particularly those with the […]

Bizarre as to why Georgians are on this path, but none the less here it is….
More Georgians are opting to delay paying principal on their mortgages in exchange for lower monthly payments, making the state a national leader in interest-only home loans, a survey says. read more>

Retuers reports Fannie Mae , the largest U.S. home funding company, said on Friday its mortgage portfolio fell by an annualized 16.3 percent in April, its sixth straight monthly drop.
The size of the massive portfolio, which is down 16.5 percent year-to-date, is a bone of contention with lawmakers who are aiming for stiffer oversight of […]

The median price of a home in California has crossed $500,000 for the first time, a seriously large amount of money. MSNBC covers it some more.

The New York Times takes an interesting look at the bubble, and an even more interest cost analysis based on the rental market influencing housing sales
“The easiest way to gauge a home’s value is to borrow a tool from the stock market. In the most basic method of analyzing a stock, investors look at its […]

Depsite all the gloom and doom around of late, it looks like property in Illinois continues to rise, having said that, be sure to check out the prices, some good real estate bargains here.
Unlike national home sales, Twin City home purchases did not set a record in April.
Local home sales did, however, continue a three-month […]

Some really good advice from the folks over at Personal Loan Saver
Examine your finances and shop around before you apply
Shopping for a mortgage is the first step toward owning a home and perhaps the most daunting, especially if you are not prepared.
Once a simple task that meant comparing fixed rates from among perhaps a […]