Banc of America downgrades builders on softening demand Analysts at Banc of America Securities on Wednesday morning sent out downgrades on several key home-building companies, saying its research points to cooling demand for housing and growing inventories.read more...
Race dictates rates for mortgage loans, federal figures show (The Plain Dealer) Black people in Cuyahoga County were at least 2½ times more likely than white people to have received a high-interest mortgage loan last year, regardless of how much they earned.read
Money in the Morning "Not only are they more positive about their perceived notions of the economy, but they indicated this month more willingness to start investing again in their businesses." No good
ADV: Home Loans for Bad Credit Homeowners Mortgage loans for homeowners with bad credit. Pay off bills with a home refinance loan from Countrywide Home Loans. Free consultation. No obligation. Fast call. Start now.read more...
GMAC Posts Loss, Says ResCap Mortgage Unit May Fail (Update4) (Bloomberg) Nov. 5 (Bloomberg) -- GMAC LLC , the financing arm of General Motors Corp. gripped by a cash squeeze, posted its fifth straight loss and said its mortgage unit may
U.S. Comptroller Says Exotic Mortgages Bring Payment Shock "Comptroller of the Currency John Dugan said Thursday he has grown increasingly concerned by risks to both borrowers and lenders from relatively exotic negative-amortization and payment-option mortgages." There ...read more...
Forecast calls for real estate slowdown in California RISMEDIA, June 22, 2006-In its second quarterly report of 2006, the UCLA Anderson Forecast anticipates a slowdown in real estate across the United States …
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