Ignorance keeps homeowners from mortgage insurance refunds - 2006-01-25
If a private company has contacted you to help locate funds you might be owed from paying down a Federal Housing Administration home loan, try taking on the chore yourself. The money can come in handy to pay off those holiday credit card bills. The U.S. Department of Housing and Urban Development, which manages all FHA loans, boosted its research efforts three years ago to locate close to 348,000 homeowners owed $250 million in FHA mortgage insurance refunds.
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U.S. Economy: Home Resales Fall to Lowest Since March 2004 - 2006-01-25
Sales of previously owned U.S. homes dropped more than forecasted last month to the lowest level since March 2004. This suggests that the end of a five-year housing boom could slow down the economy. Purchases dropped 5.7 percent to a 6.6 million annual rate from November's 7 million, the National Association of Realtors declared today in Washington.
Read the full story at Bloomberg