Washington Mutual issues profit warning
Marketwatch - The lender has about $110 billion in first-mortgage home loans and nearly $60 billion in second-mortgage home equity loans, according to Cannon. He estimates up to $19 billion of that amount is tied into subprime mortgages.

BACK TO THE FUTURE
New York Post - Even if that means taking out a second mortgage,” as Lee jokes, to do it. Now that two decades have passed, and most lifelong fans are steady wage earners and at the age where they’re having kids, many are using these repeat performances as an

Main gets townhouses
Chattanooga Times Free Press - The Lyndhurst Foundation, along with the Association for Visual Arts, is a partner in Arts Move, an artist relocation program providing artists who buy homes in the Southside with a $15,000 forgivable second mortgage. The Adamstown townhouses are

PMI Mortgage Insurance Co. Heralds House Vote to Extend Tax
Forbes - This is another good reason for buyers without a 20 percent down payment to finance a home purchase with mortgage insurance instead of a second mortgage. In the current market environment it is important to help buyers find ways to take advantage of