Making a Home Better, Not Bigger
Canada's AIC Has 13% Stake in Mortgage Insurer Radian (Update3) (Bloomberg.com) Sept. 4 (Bloomberg) -- AIC Ltd., a Canadian mutual fund manager, more than doubled its stake of Philadelphia-based mortgage insurer Radian Group Inc. to 13 percent.read more...
Borrowing crisis looms Unemployment would lead almost two-thirds of borrowers to default on personal loans and credit card balances within three months of losing their income.read more...
NZ house prices could fall 10%: expert "Whilst the median price rose 0.7 percent year on year in February, in our view a negative annual growth rate will almost certainly be recorded from next month onwards."
Lehman to cut 1,300 mortgage jobs (AP via Yahoo! News) Lehman Brothers Holdings Inc. on Thursday said it would cease wholesale mortgage lending in the U.S. because of the continued housing slump, a move that includes 1,300 jobs cuts
US mortgage crisis unlikely to do damage here: RBA governor (The Age) As Australia's sharemarket plunged for a record 10th consecutive day, writing billions of dollars off share values, Reserve Bank governor Glenn Stevens told Australians the US mortgage crisis was unlikely
Suit Says Real Estate Firms Took Illegal Kickbacks The U.S. sued two big residential brokers for allegedly receiving illegitimate profits for steering home sellers to a provider of hazard reports. read more...