Property values hit record
The red-hot real estate market pushed the assessed value of Los Angeles County properties nearly 10 percent to a record $856 billion in fiscal 2005, the biggest hike in more than a decade, records released …
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Human resources (Reg Req'd) Colonial BancGroup Inc. has promoted Patti G. Hill to senior executive vice president-chief operating officer.read more...
Jefferies plans to expand mortgage trading team (AP via Yahoo! Finance) Jefferies Group Inc. plans to expand its trading, origination and selling of mortgage-backed securities, the investment bank said Tuesday.read more...
Pending Home Sales Index Fell 7.0% in July, NAR Reports A gauge for future home demand fell sharply last month. The downward shift is the largest monthly drop since the index was created, indicating that the rate of home sales
Six plead guilty in mortgage fraud (Miami Herald) Six defendants have pleaded guilty to participating in a $17 million mortgage fraud scheme in Miami-Dade County involving inflated property values and falsified closing statements, Florida's attorney general announced Monday.read
Confused by all the Mortgage Options? Here's Help (Hornell Evening Tribune) (ARA) - Fixed rate. Adjustable rate. Interest Only. Flex. All of the different types of home loans that are available these days can puzzle many homebuyers. But, say mortgage experts,
Mortgage approvals drop further (BBC News) Bank of England figures show a fall in new mortgage approvals and a record rise in other loans.read more...