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Mortgage News for Friday - February 16, 2007

More Mortgage News
• 30-Year Refinance Mortgage Rates Up to 6.30%
• Subprime mortgage market in trouble
• Gauge of U.S. economy lower in latest week
• Housing Continues To Plunge
• Top real estate markets for 2007 predicted
• S&P to speed mortgage warnings
Mortgage News
Top real estate markets for 2007 predicted - 2007-02-16
Montenegro and Malaysia are among the property markets slated to be red hot for real estate investment in 2007 by one magazine. US publication International Living has released a list of seven emerging real estate markets that it claims currently benefit from a combination of economic, political and other variables which make them attractive investment prospects.
Read the full story at Realestate TV
 
S&P to speed mortgage warnings - 2007-02-16
In another sign of growing worries about mortgages made to high-risk borrowers, Standard & Poor's said it would no longer wait for homes to be foreclosed on and sold at a loss before informing investors in mortgage-backed bonds that it expects to decrease ratings on the bonds. The ratings company now will consider issuing downgrade warnings based on the amount of loans that are delinquent, in foreclosure proceedings or already backed by seized property.
Read the full story at Los Angeles Times
 






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