Builders filing fewer permits
Home construction rates continued to free fall in Allen County last month. Builders received permits to construct about 46percent fewer houses last month than in June 2005, according to the Home Builders …
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Mortgage bank settles with state commissioner (BizJournals) Challenge Financial Investors Corp. has agreed to pay $848,000 to settle allegations of poor supervision and controls in its mortgage operations, according to an announcement from the N.C. Office of
Despite Warnings, Consumers Opt for Riskier Loans Borrowers continue to choose risky nontraditional mortgages, even after state and federal regulators have issued widespread warnings about the unstable and rapidly rising payments associated with this kind of ...Commentread
Mortgage Rates Dip Again (AP via Yahoo! Finance) Rates on 30-year mortgages dipped slightly this week, the fifth decline in the past six weeks. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 5.67
Land Trusts Are A Housing Option read more...
Another Mortgage Refinancing Wave? (GoldSeek.com) "Big surge in price of US homes fuels fears of bubble," writes the Financial Times newspaper. Meanwhile, another major news wire did a weekend report on the top 10 U.S.
A New Health Scare read more...