“CLARION, Pa.—Builders of manufactured homes—the kind constructed in a factory and often known to the public as mobile homes or trailers—missed out on the great American housing boom. Now some of them hope their industry has finally stopped imploding.”

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“Congress has extended a policy that allows homeowners in pricey real estate markets to secure government-backed mortgage of nearly $730,000.”

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‚ÄúNEW YORK (CNNMoney.com) — Suspicions confirmed: Homeowners in the Northeast pay the highest property taxes in the nation.‚Äù

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“Renting has always gotten a bad reputation with the general population. Even in the current housing environment where it is obvious that home prices can fall and fall dramatically in Hollywood fashion, many still cling to the simple notion that buying a home is always better than renting. This multi-decade mentality tied in with the American Dream of buying a home allowed a fertile land to sprout out toxic green mortgages to a population that believes more in the myth than actual mathematics. Whenever someone tells me that buying a home is also emotional I just roll my eyes.”

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“Fitch Ratings is contacting its rated servicers to review internal foreclosure processes after recent problems at GMAC Mortgage will cause higher losses on residential mortgage-backed securities.”

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