Housing Pain Spreads "I would say that the Florida real estate market, by every indication, will remain tough for at least another year" The meltdown in the U.S. housing market keeps burning
FSC defends flexible rates A top Financial Supervisory Commission official yesterday reiterated the importance of keeping lending rates flexible under the current regulatory ceiling in order to stem rampant underground financial ...read more...
Credit ratings agencies get grilling after vouching for mortgage-backed securities (Minneapolis-St. Paul Star Tribune) WASHINGTON - There's plenty of blame to go around for the ongoing credit crisis, and a House panel investigating the meltdown Wednesday cast much of it on credit ratings agencies
A peek inside potential mortgage troubles (Pittsburgh Post-Gazette) California isn't the best place to go looking for canaries -- unless they're metaphorical ones. The state has one of the frothiest housing markets, and banks have been enablers. Investors
Fix-up fever booming on the home front Renovation spending in Canada has hit such a fevered pitch this year that home reno companies are themselves renovating to keep up with demand.read more...
States Move Fast On Mortgage Aid Local governments are acting more aggressively to help homeowners avoid foreclosure, frustrated by what they view as the federal government's inadequate response to the mortgage crisis.
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Luxury-home builder Toll Brothers Inc. yesterday reported that the number of contracts signed to buy its houses slid 29 percent in its first fiscal quarter from a year earlier, sending its stock price down 5.5 percent.
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