Wednesday, March 28, 2007

Mortgage News

Now again, here's an interesting little web site, again based upon blogging software. The aim is to bring you up to date with the mortgage news and they do this very well.

What it isn't is a place where certain lenders or deals get pushed at you, no, not at all, they're being impartial and giving you the true and real mortgage news, for example, in this post about New Century Financial. It's part of the meltdown of the sub prime sector, has breached its banking covenants and is therefore ceasing to make new loans. As I say, this isn't showing any partiality to the company, it's more like the sort of news you would get through Bloomberg or another financial service....just you don't have to go looking for it, because the editors have pre-selected the mortgage stories for you.

You might also want to check out the first Carnival of Home Improvement, a collection of housing and, well, home improvement links for your reading pleasure. If you've got articles along the same lines you might want to think about sending them in and seeing if the editors will include them in the next version.

With the turmoil and ructions going on in hte mortgage market at the moment it's good to see that there are independent and unbiased sources of news for us out there, and this site is definitely one of them.

Disclosure Policy.

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