Broker Commissions Add To the Real-Estate Bubble
As U.S. home prices soared in recent years so did the fees charged by agents. But the number of real-estate agents has grown even faster than their earnings.
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Lehman Earnings Drop 12% After Mortgage Writedown (Update4) (Bloomberg.com) Dec. 13 (Bloomberg) -- Lehman Brothers Holdings Inc., the largest U.S. underwriter of mortgage-backed bonds, said earnings fell for a second straight quarter and losses from the collapse of the
Terme Mortgage, Inc. Offers Lower Margin HECMs and Fixed Rate Reverse Mortgages (Business Wire via Yahoo! Finance) SUMMIT, Ill.----Terme Mortgage, Inc., a subsidiary of Terme Bancorp, Inc., announced today that it is one of the first lenders in Illinois to offer the federally insured, variable rate
Homeowners Want Out of Historic District When Dan and Elizabeth Miller purchased their three-story house in Lincoln in 2003, they didn't think they would have any trouble repairing its dilapidated roof or replacing its decades-old
Two-Family Beach Homes Located on the East Coast Now that winter is here, we fast forward to summer and take a look at three beach houses. These residences offer the possibility of staying in one unit and renting
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MGIC Loses $97.9 Million as Mortgage Claims Surge (Update3) (Bloomberg.com) July 17 (Bloomberg) -- MGIC Investment Corp. posted its fourth straight unprofitable quarter as the worst housing slump since the 1930s drove the largest U.S. mortgage insurer to a $97.9