Real Estate Mailbag Q DEAR BOB: Now I know why you constantly nag home sellers to interview at least three successful agents, check their references from previous sellers, and then list for 90
Home Builders' Confidence Falls To the Lowest Level in 16 Years Industry professionals expect dim prospects for the housing market in the near term, amid subprime loan problems and rising mortgage rates, a new report reveals.
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Mortgage fraud on the rise (CNews) With pricey housing and new homes continually popping up in the Calgary area, so too is the potential for mortgage fraud, say Mounties. The 2008 Provincial Report on Organized Crime
Housing slump impacts HSBC mortgage (bizjournals.com via Yahoo! Finance) The U.S. mortgage unit of HSBC Holdings plc said Wednesday that it will close an office with about 600 employees in Carmel, Ind. by June 30, 2008.read more...
L.A.'s Home Affordability Drops in August The number of people who could afford to purchase median-priced homes in the Los Angeles region dropped sharply in August from the year-earlier period, the California Association of Realtors said.read
Ex-mortgage exec sentenced to 20 years (The Charlotte Observer) The former top executive of a mortgage lending company was sentenced Wednesday to 20 years in prison for his role in defrauding 8,000 investors of millions of dollars.read more...
The American dream is fast becoming a pipe dream for the middle class in Central Florida and throughout the Sunshine State as new data show households with incomes of $75,000 cannot afford to buy a home.
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