Swift action a boon for mortgage bonds (FT.com via Yahoo! News) The seizure of Freddie Mac and Fannie Mae (NYSE:FNM) by the US Treasury boosted credit markets on Monday and prompted a buying frenzy in mortgage bonds that pushed rates
National City expects subprime mortgage losses (Reuters via Yahoo! News) National City Corp. , the No. 9 U.S. bank, on Wednesday said it wrote off $11 million stemming from subprime home loans, expects to write off more, and may
Impac 1Q results fall by half Real estate investment trust Impac Mortgage Holdings Inc. on Thursday said first-quarter results fell by half, as dividends from taxable REIT subsidiaries fell.read more...
Personal Finance SAN FRANCISCO - Wells Fargo & Co. said Tuesday its second-quarter profit climbed 11 percent as increased customer borrowing, continued deposit growth and investment gains helped the nation's fifth largest
Rising Mortgage Rates Affect Yuma Housing Market Nationwide rates on 30-year mortgages have reached a two year high. In Yuma, the rates average around 6.4% Those rates are slowing the housing market, but not by much.read more...
Quick takes for home and garden Registration is at 8:45 a.m. Jan. 11 at the Brookwood Inn, 800 Pittsford Victor Road in Pittsford.read more...
Two billion more people will be moving into the world’s already overcrowded cities over the next 25 years, requiring 4,000 new housing units per hour between now and 2030 to accommodate them, a UN agency said.
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