US home loan applications fall despite rate drop
NEW YORK - U.S. mortgage applications fell last week as lower interest rates failed to spur demand for loans to purchase homes, an industry trade group said on Wednesday.
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Countrywide 2Q Profit Rises Countrywide Financial Corp., the largest U.S. mortgage lender, reported Tuesday that growth in its loan portfolio pushed second-quarter profit up 28 percent from the year-ago period.read more...
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The IMF says the era of cheap money is over Farid Bakht After engineering a reduction in interest rates in 2004, an IMF mission suddenly announced a change in policy in 2005.via
American Mortgage Network Funds $1.6 Billion of Mortgages in August (Business Wire via Yahoo! Finance) American Mortgage Network , a nationwide mortgage bank and a wholly owned subsidiary of AmNet Mortgage Inc. , reported that it funded $1.6 billion of mortgage loans in August.