Funding ‘Anyone Who Wants A Loan’ In San Diego
The Voice of San Diego has this report on how lending in California has a different ‘standard.’ “There’s a mortgage deal out there for everyone.
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Lower Mortgage Payments vs. Fixed Rates By MICHAEL LIEDTKE The Associated Press SAN FRANCISCO Once a frustrated renter, Chris Economou is now a happy homeowner, enjoying a splendid view of San Francisco and an $80,000 increase
Merrill Lynch buys mortgage business (AP via Yahoo! News) The brokerage Merrill Lynch announced Tuesday that it plans to acquire the mortgage business of Cleveland-based National City Corp. for $1.3 billion.read more...
Countrywide Financial swings to loss of $1.2 billion on weakening mortgage market (International Herald Tribune) Countrywide Financial Corp., the largest U.S. mortgage lender, said Friday it swung to a loss of more than $1 billion (?700 million) in the third quarter on to rising loan-loss
Katrina Tax Breaks Flow to Luxury Condo Market With large swaths of the Gulf Coast still in ruins from Hurricane Katrina, rich federal tax breaks designed to spur rebuilding are flowing hundreds of miles inland to investors who
Stocks: Drop in U.S. home sales prompts a sell-off NEW YORK U.S. stocks declined Tuesday after a report showed existing home sales fell more than expected, hinting at weaker consumer spending, and oil held above $65 a barrel, raising
Toll 3Q Profit Drops on Cancellations "However, we believe that our buyers generally should be able to continue to secure mortgages, due to their typically lower loan-to-value ratios and attractive credit profiles." Toll Brothers Inc.,