US bank wins 7 bln dlr infusion to offset mortgage losses (AFP via Yahoo! News) A troubled US bank, Washington Mutual, said Tuesday it was set to receive a seven-billion-dollar cash infusion to help shore up its finances which have been ravaged by mortgage-related
Normal a relative term in today's home-buying market It's hard to define normal. Home sales in the San Fernando Valley plunge an annual 16 percent in October and the median price of a used house soars 27 percent,
Mortgage rates rise on fear of Fed move (San Jose Mercury News) Mortgage rates rose again this week on worries about what the Federal Reserve will do next. One-year adjustable-rate mortgages hit the highest level in nearly five years.read more...
QBE buys mortgage insurer for $1bn (The Australian) QBE Insurance is set to become the biggest mortgage insurer in Australia after securing a deal to buy PMI Mortgage Insurance for more than $1 billion.read more...
Home Unsold, Mortgage Brokers Open Brothel (CBS News) The downturn in the housing market appears to have driven two N.Y. homeowners to desperate, illegal measures when their property went unsold. Police say the couple, both mortgage brokers, turned
Abbey mortgage safe as houses? (Daily Telegraph) Abbey mortgage safe as houses?read more...
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