Even Castles Made of Sand…
Why build a home for your retirement when you could build a medieval castle? That was the Gunkels’ attitude when they contracted with a construction company to build a 44-foot-high, 3,400-square-foot castle on …
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Subprime-mortgage woes trigger a loss for Alesco (The Philadelphia Inquirer) This year's subprime-mortgage turmoil has forced a Philadelphia specialty-finance company to record an unrealized loss of $65.6 million on its $3.6 billion portfolio of mortgage-backed securities.read more...
Mortgage apps keep climbing (CNN Money) Mortgage applications resumed their recent runup last week, despite an increase in interest rates, according to the latest report by the Mortgage Bankers Association.read more...
Freddie Mac Posts Deep Loss, Says It May Slash Dividend The mortgage company posted a $2 billion loss and said it is 'seriously considering' a 50% cut in its fourth-quarter dividend. Its shares tumbled. read more...
Auction can be best way to sell your home If a speedy sale with the fewest number of weekend "tire kickers" appeals to you, consider selling your home by auction, says Real Estate Adviser Steve McLinden.read more...
Ahead of the Bell: Mortgage Applications (AP via Yahoo! Finance) Home-loan data to be released Wednesday will show whether mortgage applications declined for the third-straight week as interest rates rose.read more...
Century 21 Realty Offices Merge read more...