Mexico’s Ixe to sell 49 percent of Fincasa mortgage to Deutsche (KVIA)
MEXICO CITY Mexican financial services company Ixe Grupo Financiero has reached agreement to sell a 49 percent stake in mortgage company Fincasa Hipotecaria.
read more…
Foreclosure Filings Soar in 3rd Quarter A soaring number of U.S. homeowners struggled to make mortgage payments in the third quarter, with properties in some stage of foreclosure more than doubling from the same time
30-Year Rate Rises to 2-Month High Rates on 30-year mortgages jumped this week to the highest level since mid-March as investors began to worry about what the Federal Reserve will do to combat growing inflation pressures. read
Johnny Damon Lists Condo in Manhattan The Yankees center fielder and his wife are asking $8.2 million for their apartment, close to 50% more than they paid last year. read more...
Danielle DiMartino: Housing bubble will bring pain to many (Reg Req'd) When you add up housing's contribution to the economy, or worse yet, subtract out what it won't be contributing in coming years, it would be downright delusional to think that
Mortgage rates fall below 6% (San Diego Union-Tribune) WASHINGTON ? Rates on 30-year mortgages dropped sharply this week, falling to the lowest level in five months, as the government's dramatic takeover of mortgage giants Fannie Mae and Freddie
Dawson Charged; Left Clients Up the Creek The high-flying confidence man allegedly behind the disappearance of at least $50 million in pension and retirement funds was finally arrested yesterday.Commentread more...