Analysts foresee more mortgage deals ahead for BofA (BizJournals) Ostensibly, Bank of America Corp.'s $2 billion equity investment in beleaguered mortgage giant Countrywide Financial Corp. is a move to help allay investor fears about the shaky home-mortgage business.read more...
Mortgage approvals dive to record low in Dec (Reuters via Yahoo! UK & Ireland News) Mortgage approvals fell nearly 40 percent to a record low in December, a sign the housing market is slowing sharply due to tighter credit conditions and weaker household finances.read more...
Subprime mortgage reform bill though the House (The World) SALEM ? A bill to make modest reforms to the subprime mortgage lending industry squeaked through the Oregon House Thursday, a big win for House Speaker Jeff Merkley who has
New Home Sales Plummet in February Sales of new homes plunged by the largest amount in nearly nine years in February while the median price of a new home dropped for the fourth straight month, providing
30-year mortgage rates up along with home sales Rates on 30-year mortgages rose for a third straight week as investors viewed improving economic reports as a sign that the Federal Reserve will not quickly cut interest rates.Commentread more...
Why home construction may not be completed You recently ran an article about customers of Laurel Lakes-Lennar Corp. homes having problems with the completion of half-a-million-dollar-plus homes.read more...
It’s known as the aquarium. When the blue lights are switched on in Kathy and Neil Rubado’s Prescott Street loft, their curved glass block wall glows like a blue shark tank.
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