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Check out co-founders Bruce Whitaker and Rodney Litigio being interviewed by Global News' Consumer Reporter Sean O'Shea. The concept: Buyingblock.com is your one-stop shop for all things home buying and reducing stress for all home buyers, especially property virgins!
| HUD Unveils New Rules for Mortgages (WallStreet Journal via Yahoo! Finance) HUD announced new rules aimed at helping Americans shop for mortgages more effectively, but said it lacks powers to enforce those rules. |
| Canada buys up mortgages, central bank lends more (Reuters via Yahoo! News) The Canadian government will buy up C$50 billion ($40 billion) more in insured mortgages from banks as part of a series of steps announced on Wednesday to improve the availability of long-term credit. |
| Ottawa buys up mortgages, central bank lends more (Reuters via Yahoo! News) The federal government will buy up to another C$50 billion ($41 billion) in insured mortgages from banks as part of a series of steps announced on Wednesday to improve the availability of long-term credit. |
| Modifying mortgages not as simple as it sounds (International Herald Tribune) The problem is that financial executives have competing views on whether mortgages that were packaged - or securitized, in industry parlance - can be modified or not. |
| New rules make reverse mortgages a better deal (KSBY San Luis Obispo) The rules have changed, making reverse mortgages an attractive option for more senior citizens. You can get more cash out of your home, and you can even use the money to buy a new home. |
