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Mortgage crash hits new home sales (CNN Money)  The mortgage bomb hit the demand for new homes even harder than expected in August, leaving the nation's builders with their weakest level of sales since the summer of 2000,


Adding to mortgage debt often bad advice (The Columbus Dispatch)   Homeowners often are the target of financial pitchmen trying to convince them they should never pay off their mortgages. Instead, the line goes, people should dig deeper into mortgage


Should You Tip The Contractor?  Should you tip the employees (and the contractor) or is the amount you pay for the project all that is expected? The answer: In many cases, you needn't shell out


Why use a mortgage broker? (Miami Herald)  Why use a mortgage broker? Sells loans and guides borrowers through the lending process. The National Association of Mortgage Brokers cites choice, convenience and expertise. Studies show brokers often provide


Central banks in mortgage crisis talks: report  "We're not providing any comment" The US Federal Reserve is open to the idea in principle, the report said. Central banks on both sides of the Atlantic are in


Ryland, M.D.C. kick off homebuilders' earnings season  Investors will keep a close eye on homebuilding stocks when one of the most highly anticipated earnings seasons for the sector in years starts up next week.read more...

October 30th, 2005

Aveng’s profit is ahead of forecast

Aveng, the country’s biggest builder, said profit from its cement, steel and manufacturing units in its fiscal first quarter was ahead of forecast, buoyed by government spending on infrastructure.

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