GMAC posts loss on mortgage pressure (Reuters via Yahoo! News) General Motors Corp's former finance arm GMAC on Wednesday swung to a first-quarter loss, as pressure on the U.S. mortgage market forced the company to take charges at its
Inflation fears ease, mortgage rates dip (Detroit Free Press) WASHINGTON -- Rates on 30-year mortgages, which had jumped to the highest level in 2 1/2 years, edged down slightly this week. Mortgage giant Freddie Mac reported Thursday that rates
Mortgage rates down, but not a trend (bizjournals.com via Yahoo! Finance) Mortgage rates edged lower for the second straight week this week, but Freddie Mac says it doesn't indicate a trend.read more...
Real-Estate Home Shopping Tool Extends Coverage Across the U.S. Trulia, a residential real-estate search engine that debuted last year in San Francisco, has gone national. It's not quite as cool or comprehensive as Zillow, but it offers valuable information
King warning over funding crisis Bank of England Governor Mervyn King warned there was no magic wand to solve the current mortgage drought crippling the economy.read more...
CIBC introduces Enviro-Saver mortgage (Banking Business Review) Canadian Imperial Bank of Commerce has launched new Enviro-Saver mortgage, which is claimed to give Canadians an opportunity to improve the energy efficiency of their homes, benefit the environment and
The Mortgage Bankers Association on Wednesday released its Weekly Mortgage Applications Survey for the week ending December 23. The Market Composite Index—a measure of mortgage loan application volume—was 554.1—a decrease of 6.8 percent on a seasonally adjusted basis from 594.6 one week earlier.
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