Countrywide profit short of target
Countrywide Financial’s stock gave up ground Tuesday after the mortgage giant fell short of Wall Street targets on higher expenses despite a 73% increase in fourth-quarter profit.
read more…
Thursday's bond market Thursday's bond market has opened in negative territory despite weaker than expected economic news.read more...
Sen. Clinton wants stricter loan criteria, clearer mortgage papers (Bradenton Herald) - Democratic presidential hopeful Hillary Rodham Clinton called Saturday for stricter home loan standards, clearer mortgage documents and greater counseling for borrowers to stave off further delinquencies and foreclosures, which
March home sales defy expectations WASHINGTON , Existing home sales jumped more than expected last month, while the median price soared 11.4% from March 2004 - the biggest year-over-year leap since 1980, a trade group
Emerging markets iffy, experts say An opportunity to buy emerging-market stocks is likely to surface within a few weeks as nervous investors continue to flee from risky stocks, experts say.Commentread more...
Real estate revival on (distant) horizon It's likely to get worse before it gets better but growing demand could spell the beginning of a recovery in home values.read more...
MORTGAGE TERMS STRETCH WITH BONDS (San Jose Mercury News) The Treasury Department's resumption of 30-year bond sales could have an interesting impact on the home mortgage market, with lenders offering more 40-year loans and maybe even 50-year mortgages for