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U.K. Mortgage Approvals Fall 39% on Tighter Lending, BBA Says (Bloomberg.com)  May 27 (Bloomberg) -- U.K. mortgage approvals fell in April as sliding home values and tighter loan terms dimmed the appeal of borrowing to buy property, a report by the


L.A. Homebuyers Continue Driving Prices to Records  The Federal Reserve continues to throw cold water on the housing market. Mortgage lenders are worried, too, and executives at homebuilding companies are cashing out stock that's worth billions of


If upgrade's not cost-effective, it's better to lower your price  Q. I'm considering selling my home and wonder if I should do some remodeling. But I was wondering whether it is smarter to sell as-is and save myself the ordeal


Widow, 94, in reverse mortgage nightmare (Baltimore Sun)  If you want to understand just how toxic a home mortgage can get, consider this real-life, continuing saga: read more...


Profit reports bolster market  The upbeat corporate profit reports that eluded investors for most of this month finally showed up on Wall Street yesterday, more than overcoming weak housing news and a not-bad wholesale


New home sales climb; prices fall  Sales of new homes in May climbed to the second highest level in history, providing further evidence that low mortgage rates are still fueling a booming housing market.via

August 26th, 2005

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