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Mortgage News for Monday - March 21, 2005

More Mortgage News
• Trio arrested in mortgage scam
• 7 ways to spot a shady mortgage lender
• Analysis: Defusing China's property bubble
• Nonprofit Group Helps Low- and Moderate-Income People Buy Homes
• Houston real estate sales heat up
• Banks gamble on the self-employed
• Area housing prices could fall: Analysis puts Greater Boston at top of drop list
• Baby Boomers Expand Their Real Estate Holdings
• Fed may get more aggressive with interest rates
• Survey shows consumer confidence in property
Mortgage News
Analysis: Defusing China's property bubble - 2005-03-21
By announcing measures last week to tighten up mortgage lending, China finally appears to have made up its mind in deflating the long-building property bubble. But if the property market has been highlighted by many economists as the top risk for the Chinese economy this year, the latest measures are so mild they are unlikely to prick the bubble.

More likely, they are the first of a series of measures to address the property imbalances.
Read the full story at Washington Times
 
Nonprofit Group Helps Low- and Moderate-Income People Buy Homes - 2005-03-21
When Monique Ruelas got divorced eight years ago, the emotional loss was difficult, but the financial loss was even greater.

Hit with $32,000 in debt after the divorce, the then 27-year-old single mother of two couldn't pay all her bills and soon found herself in bankruptcy court.

It was only after going through the NHS program that Ruelas began to understand the impact that credit card debt had on her credit score, which can make the difference between qualifying for a mortgage or not.
Read the full story at RisMedia.com
 






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