FT.com - The death knell for the 100 per cent plus mortgage was sounded on Friday as Birmingham Midshires became the last of the six UK lenders that offered loans exceeding a property’s value to withdraw the product.
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The Voice of San Diego reports from California. “Lela Mazzeo rested an arm on a doorframe in the first home she ever owned and sighed. The two-story house on a large lot in Casa de Oro has been listed for sale for three months. The Mazzeos haven’t lived in it since 2003, when they bought […]

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Alarmed by the jump in foreclosures, the Roman Catholic diocese for Brooklyn and Queens is coordinating the largest financial counseling program since 9/11.
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The economy is going through a rough patch, and the stock market is well below its all-time high. Mortgage rates have been dropping since the end of last year.
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Q: Our condominium is worth about $350,000, and we owe only $25,000 on our mortgage. We are from the old school and want to own this property free and clear. We have the money and are considering paying off the loan. Is this a good idea? If so, how do we go about making sure […]

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Home prices are dropping at never-before-seen rates in these 10 cities, where homeowners have much to gain from Bush’s ”Project Lifeline.”
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Even with rates moving up this week, this is still a good refinancing opportunity for people who bought houses in 2006 and 2007.

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