August home sales up 8.4% (Reg Req’d)
Sales rose 8.4 percent from August 2004, according to data from the Regional Multiple Listing Service of Minnesota.
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Freddie Mac Predicts 3Q, 4Q Losses Home-mortgage financier Freddie Mac said Friday it expects to report losses for the third and fourth quarters of 2006, citing interest rates declines.Commentread more...
Interest Rate Roundup Here's a look at the state of interest rates on five common consumer banking products and the latest rates from Bankrate.com's weekly national survey of large banks and thrifts.read more...
Stocks Tumble On Subprime Worries Stocks plunged Tuesday, driving the Dow Jones industrials down more than 200 points and erasing all the gains made last week as troubles for subprime lenders piled up.Investors, bracing for
A master of contemporary art Mr. Shah is now considered to be one of the best contemporary artists in the country.Commentread more...
Feds Give Mortgage Guidance to Banks Federal regulators directed banks on Friday to properly explain the risks posed to borrowers from interest-only and other nontraditional mortgages.Commentread more...
No-money-down loan no more The Bankruptcy Adviser says that Preconstruction home purchases create a risky loan proposition.read more...