Fed officials hint 50 basis points rate hike not on table Federal Reserve officials said on Wednesday they wanted to avoid undermining growth by raising interest rates too fast, a clear hint that a half-percentage-point hike was not on the table
New Stimulus Package Promises To Change Standards on Loans The economic plan fashioned by Congress and the Bush administration would provide guarantees to more -- and much larger -- mortgages. But it also includes some risk.
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Comptroller Criticizes New Home Construction Commission The Texas Residential Construction Commission is acting as a "builder protection agency" and has no power to force homebuilders to repair construction defects in new houses, Comptroller Carole Keeton Strayhorn
Mortgage Intelligence launches UCB product (Mortgage Introducer) Mortgage Intelligence has launched a semi-exclusive buy-to-let product from UCB Home Loans.read more...
Housing Sales Slowest on Record Sales of existing homes fell for the sixth straight month in January, dropping to the slowest pace on record. Median home prices were also down, and many analysts predicted further
As Owners Feel Mortgage Pain, So Do Renters (New York Times) In the growing foreclosure crisis, thousands of families who rent their homes face eviction when owners default on their mortgages.read more...
IRVINE, Calif.——April 18, 2006—Quentin Caruana, a veteran in the mortgage lending industry, announced today the launch of Sage Credit Company, with headquarters in Irvine. According to Caruana, who will serve as the company’s president, Sage is a superior invite-only, mortgage lending firm helmed by elite industry performers with proven track records for success.
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