What Risk Do New Loans Pose for the Market?
The use of interest-only and no-down-payment loans is causing concern about a possible housing fall.
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U.S. Housing Starts Rose More Than Estimated in May; Building Permits Fell Home construction rose in May from a 13-month low as builders worked on backlogs of unfilled orders and used incentives to win new business in a slowing market.read more...
Stocks Fall on Subprime Lender Concerns Stocks were narrowly mixed in early trading Monday as further cracks appeared in the subprime lending sector, stirring concerns that a blowup among companies making loans to consumers with poor
Australia's Non-Banks Face Mortgage Bond Freeze, FirstMac Says (Bloomberg.com) April 25 (Bloomberg) -- Australia's non-bank mortgage lenders, which rely on the nation's now dormant securitization markets for funding, won't be able to sell mortgage-backed bonds for at least two
Californian prods his city to curb illegal immigrants Joseph Turner was fed up with what he saw happening in this community where he has spent all of his 29 years.read more...
Mortgage rates tread water (USA Today) Mortgage rates were little changed last week, an industry group said Wednesday. The Mortgage Bankers Association said fixed 30-year mortgage rates fell to an average of 5.78%, excluding fees, compared
Housing system under fire "Our main concern over rent controls is that prices do not respond to demand and supply" Renting an apartment may become considerably more expensive as a result of an