Chattel mortgage likely to be approved Chattel or movable properties are very likely to be approved as legitimate items for small and medium-sized companies to finance from domestic banks, the International Finance News reported here Tuesday.via
'Piggyback' Loans Allowed by Freddie Fed Mortgage Risks (Washington Post) For a glimpse of the risks that infected the mortgage business in recent years, consider a small slice of what happened at Freddie Mac, the giant home-loan investor chartered by
Home Prices Show Sharp Slowdown in 2Q U.S. home prices continued to rise in the second quarter but showed the biggest slowdown in three decades, federal regulators reported Tuesday. read more...
Mortgage applications fall as rates rise (CNN Money) According to the Mortgage Bankers Association's weekly application survey, volume fell 4.6% during the week ended May 23.read more...
Mortgage Rates Rise Slightly (AP via Yahoo! Finance) Rates on 30-year mortgages edged up slightly this week, reflecting market worries about inflation. Mortgage-giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages rose to 6.33 percent, up from
Commercial construction may hit $2.5 billion this year The outlook for commercial construction in the six-county Pittsburgh region is strong this year, according to a local firm that tracks the market.read more...
Working with state officials, Butte County District Attorney investigators visited construction sites in Chico, Paradise, Magalia and Oroville Friday to determine if contractors were carrying workers’ ...
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