South Korea leaves key interest rate unchanged at 3.25 percent
The Bank of Korea, which has kept the overnight inter-bank call rate the same since December, however hinted at raising the rate, possibly next month.
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Market tough for first-timers First-time home buyers had a tough time of it last year. A new report from the California Association of Realtors reveals that affordability concerns continued to impact the market, with
'Challenging Environment' A 'Sign Of The Times' Wall Street is sounding off on the housing bubble. "JMP Securities on Monday downgraded shares of a pair of homebuilders that operate in markets where the analysts see signs of
Mortgage Group's Next Leader Brings All Kinds of Experience (Washington Post) The man who will soon head the Mortgage Bankers Association is not just a veteran of the mortgage business. He is also a person who has felt the industry's pain.
A college degree is worth a million bucks Part one in a six part series on planning, saving, and paying for college. A college degree is worth more than its weight in gold.read more...
Luminent Mortgage Capital 1Q Profit Down (AP via Yahoo! Finance) Luminent Mortgage Capital Inc., which invests in mortgage loans and mortgage-backed securities, said Wednesday its first-quarter profit fell 6 percent on higher expenses and lower net interest income.read more...
House Votes to Rein in Certain Mortgage Lending Practices (New York Times) The House voted to crack down on mortgage lenders by enacting federal licensing and to fine them for steering people to subprime loans when other options are available.read more...