Ahead of the Bell: Mortgage Market (AP via Yahoo! Finance) A U.S. House committee hosts a hearing Tuesday on subprime and predatory mortgage lending trends, following recent turmoil in the mortgage arena.read more...
Existing home sales drop in December By Martin Crutsinger The Associated Press WASHINGTON -- Sales of existing homes set a record for a fifth straight year in 2005 even though the year ended on a weaker
150,000 households face mortgage stress (Stuff) Nearly 150,000 New Zealand households are at "extreme risk" of missing mortgage repayments and potentially losing their homes.read more...
Home Sales Set Record The National Association of Realtors says pre-owned homes sold at an annual rate of 7.18 million units in April, up 4.5 percent from March's pace of 6.87 million and setting
Flagstar reports sharp dip in 1Q earnings Troy-based Flagstar Bancorp ... Troy-based Flagstar Bancorp Inc. reported sharply lower first-quarter earnings Thursday, in part because of lower net interest income, lower loan-servicing income and a lower gain from the sale of
Court Debates National Bank Regulation The Bush administration asked the Supreme Court on Wednesday to push aside Michigan regulators in a confrontation of state versus federal authority in the financial sector.Commentread more...
U.S. banks, faced with rising mortgage competition as home sales advance, eased lending standards for the first time in 11 years, the Office of the Comptroller of the Currency announced.
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