Bankrate: Inflation News Pushes Mortgage Rates Higher (Builder Online)
NEW YORK, June 15 /PRNewswire-FirstCall/—Fixed mortgage rates increased following the release of the May Consumer Price Index, which showed inflation still lurks.
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Bank of America profit slide underlines mortgage market woes (International Herald Tribune) The bank blames write-downs of mortgage-related securities and higher provisions for future losses in credit card and home equity loans for its 95 percent tumble in net income.read more...
Greenspan warns that history 'has not dealt kindly' with unfounded financial optimism Federal Reserve Chairman Alan Greenspan on Friday cautioned Americans against thinking the value of their homes and other investments will only go higher, saying "history has not dealt kindly" with
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Mortgage industry criticized for predatory loans (WLUC TV 6) CAPITOL HILL The new head of the Senate Banking Committee says the mortgage industry needs to step up.read more...
Globest.com UPDATE: $210M Vantage Pointe Project Secures Financing SAN DIEGO+Downtown's renaissance continues. Petco Park has literally put people in seats and brought much foot traffic to the area's boutiques and eateries.via
Allied Home Mortgage Capital Corporation Opens New Branch Office in Reno (PrimeZone via Yahoo! Finance) Allied Home Mortgage Capital Corporation has opened a new branch in Reno, NV. The branch is the 2nd one in the city and 7th in the state.read more...