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Existing Home Sales Explode Record  Existing-home sales surpassed market expectations and reached another record in June as low mortgage interest rates and favorable market conditions continued to attract buyers, according to the National ...read more...


Architects empowered to grant building permits  Architects will be able to sign building permits for "simple" projects of up to 7,000 square meters or 27 meters high , according to an amendment to the Planning and


Sterling gets a lift  The pound got a mild boost from forecast-beating consumer credit and mortgage approval data for March.via


Bank of America CEO: Slim chances for takeover in 2007  Bank of America Corp. Chief Executive Kenneth Lewis said Wednesday it is unlikely the nation's second largest bank will acquire a smaller rival in 2007.Commentread more...


Real Estate Weekly -- July 15  Up to four free quotes. Compare rates and choose the best offer. Refinance, cash-out, consolidate debt and home equity loans.read more...


Fitch Rates $824.6MM Citigroup Mortgage Loan Trust Inc., 2005-3 (Business Wire via Yahoo! Finance)   Fitch rates Citigroup Mortgage Loan Trust Inc., mortgage pass-through certificates, series 2005-3, as follows:read more...

October 12th, 2005

Mortgage preapprovals not worth the paper

Brokers complain the information isn’t verified, and is often inaccurate.

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