Economy depends on housing
The fate of the economy for the rest of this year rests with the housing market.
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Government appoints head of mortgage finance working group (Reuters via Yahoo! UK & Ireland News) The government will appoint former HBOS chief executive Sir James Crosby on Wednesday to head a working group on ways to improve the functioning of the country's mortgage markets.read more...
County now can record deeds online Clay County has become one of the first local governments in Missouri to allow real estate title and mortgage companies to record deeds electronically.read more...
Home prices sink at record clip; foreclosures keep mounting "The slope is one direction. There is no sign of a bottom." In a bad omen for sellers and lenders this spring home selling season, the erosion of house
Fortune Brands Profit Declines 59 Percent on Acquisition, Materials Costs Fortune Brands Inc., maker of Jim Beam bourbon, Titleist golf balls and Moen faucets, said net income fell 59 percent on acquisition expenses and higher raw materials costs.read more...
Home construction slows to 10-year low "There is no question that problems in the subprime mortgage sector have spilled over to other components of housing finance, including the Alt-A and jumbo markets, delaying a revival of
Mortgage Rates Slide Again (Fox 12 Oregon) McLEAN, Va. -- For the fifth time in as many weeks, mortgage interest rates are lower. Freddie Mac said Thursday that 30-year, fixed-rate mortgages averaged 6.48 percent this week --