Mortgage rates fall to 3-month low (Sacramento Business Journal)
Long-term mortgage rates remain significantly higher than year-ago levels, but 30-year mortgages fell this week to the lowest level since late October.
read more…
Mortgage Defaults Continue to Increase Mortgage lenders say default rates are rising among borrowers with better credit than those in the sub-prime category, where borrowers are considered to be the biggest credit risks.Commentread more...
Budapest Bank profits slip because of expansion costs Budapest Bank , a member of GE 's financial services division, had consolidated Hungarian-accounting-standards after-tax profit of Ft 7.492 billion in 2006, gaining more than 30,000 new customers, the bank
Interest rate cut expected "We believe that the increased downside risks to growth stemming from tighter credit conditions, coupled with signs that the economic downturn could be deepening, will lead the MPC to cut
Lennar seeks to calm investors Home builder Lennar Corp. on Wednesday said third-quarter earnings would exceed Wall Street estimates, with orders for new homes remaining strong, even as concerns reverberated through the stock market about
Thornburg Mortgage posts $3.31 billion loss (Reuters via Yahoo! News) Thornburg Mortgage Inc , a specialist in jumbo home loans that nearly went bankrupt in March, posted a $3.31 billion first-quarter loss on Thursday as the value of mortgages
Mortgage lending falls again in November (ShareCast via Yahoo! UK & Ireland Finance) Mortgage lending fell again in November, the first time in over two years that a monthly figure has come in lower than the previous year.read more...