Record Median Home Prices In Bay Area
The new median price is up 17.3 percent from November 2004, when the average price for a home was $533,000. Fewer houses and condominiums sold in November than October.
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Peoples Choice Mortgage Takes Advantage of Guardian Mortgage Services and MBSD to Outsource Back-Room Operations to (Business Wire via Yahoo! Finance) Peoples Choice Mortgage Company has chosen to outsource closing coordination and post-closing to Guardian Mortgage Services . The growing $500 million mortgage lender has also chosen to work with
Sales tax on home repair, construction labor called confusing When a retired couple in Omaha decided the time was right to update and repair the bathroom in their 50-year-old home, they weren't prepared for the tax bill.read more...
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Nomura to Shut Down US Mortgage Business (AP via Yahoo! Finance) Nomura Holdings Inc. said Monday it will shut down its mortgage-backed securities business in the United States, the latest casualty of the subprime mortgage crisis.read more...
Home foreclosures drop in June but spike likely "We anticipate a fair number of those are going to go into default, so we really do expect probably to see another spike in the Fall" U.S. home foreclosures
Demand for American mortgages growing steeply in CzechRep -- press PRAGUE- Czech people's interest in American mortgages has increased significantly since last year, and bankers say the loans are taken out to finance above all luxury holidays, expensive cars and