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Bear Stearns cuts 4 percent of staff   The company will cut 650 jobs in all departments from its staff of about 15,500. This marks the third wave of layoffs at the battered investment bank, which as


Habitat eases housing worries  A disability makes caring for 5 grandchildren a financial struggle. Rosalind Jennings | Special to the Sentinel Posted September 29, 2005 EUSTIS -- After raising three children, Patricia and Richard


Thornburg Mortgage says loss widens (Reuters via Yahoo! News)   Thornburg Mortgage Inc , a jumbo-mortgage lender severely hurt by the mortgage crisis, said on Tuesday a loss from asset sales was 27 percent bigger than expected, resulting in


Confused by all the Mortgage Options? Here's Help (Derby Daily Reporter)  (ARA) - Fixed rate. Adjustable rate. Interest Only. Flex. All of the different types of home loans that are available these days can puzzle many homebuyers. But, say mortgage experts,


Short Course: Pledged-asset mortgage (Detroit News)  A pledged-asset mortgage is a bit like buying a house "on margin." Borrowers put investments into an account that acts as collateral for a full mortgage.via


Seattle may escape housing bubble  But 'a bit' of one seen for expensive homes elsewhere SEATTLE POST-INTELLIGENCER STAFF AND NEWS SERVICES Home prices in some parts of the country might be primed for a decline,

September 19th, 2006

Mortgage lending hits new high (Guardian Unlimited)

Ever-increasing house prices and a growing demand for property in the early summer months helped push mortgage lending to a further record high today.

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