Housing Markets Pricing Out Middle Class
WEST PALM BEACH, Fla.—The red-hot housing market in booming cities across the country has made the dream of owning a home out of reach, not only for low-income families but also for white-collar …
via
Mortgage company to eventually create 100 jobs in Schenectady (BizJournals) MEM Financial Solutions, a Halfmoon mortgage brokerage, has purchased a building in downtown Schenectady and will move its operations there.read more...
How to survive the mortgage mess (The Plain Dealer) What if your mortgage company goes out of business? What if your pre-approval to buy a home is through a lender that's on shaky ground? The closings of scores of
Builder slashes earnings forecast (Reg Req'd) D.R. Horton cites slowing market conditions D.R. Horton Inc. , a large Fort Worth, Texas-based home builder, cut its 2006 earnings forecast Thursday due to the slower real estate market
Real Estate Weekly -- Feb. 10 The mortgage refinancing boom is long over. But that hasn't prevented thousands of homeowners from grabbing new mortgages and taking a lot of cash with them in process.read more...
How ratings firms' calls fueled subprime mortgage meltdown (St. Louis Post-Dispatch) In 2000, Standard & Poor's made a decision about an arcane corner of the mortgage market. It said a type of mortgage that involves a "piggyback," where borrowers simultaneously take
Rates on 30-year mortgages decline 1:02 PM Et Rates on 30-year mortgages fell this week to the lowest level in six months, offering support to the sagging home market.Commentread more...