Last hurrah for the home-building rally?
In what is becoming a familiar refrain, Toll Brothers posted blowout earnings in the fourth quarter only to sound a cautionary note on fiscal year 2006 sales and earnings.
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Mortgage rates stay flat A week filled with contradictory economic data let mortgage rates end pretty much where they started out in Bankrate's weekly survey. The benchmark 30-year fixed rate stayed at 6.42 percent.read
Met Mortgage sues PricewaterhouseCoopers (Seattle Times) Directors of Metropolitan Mortgage & Securities Co. have sued their former accounting firm, PricewaterhouseCoopers LLC, over audits performed in 1999 and 2000 they contend failed to warn them that the
The Fed, jobs, and long bonds Hey, Is the Maestro Running Short of Magic? Call it the revenge of the bond market.via
Credit-rating agency reviews ratings of mortgage insurers (Winston-Salem Journal) NEW YORK - Moody's Investors Service, a credit-rating agency, is reviewing the ratings of several local mortgage insurers and has placed negative outlooks on others.read more...
Mayors warn worst of mortgage crisis ahead (Reuters via Yahoo! News) An escalating mortgage crisis will push another 1.4 million U.S. homes into foreclosure and drive nationwide property values lower by 7 percent next year, according to a report released
Barclays ?wide open? to new mortgage business (Financial Times) Barclays said it was ?wide open? for new mortgage business at a time when other lenders were reining back because of the credit squeeze.read more...