HOUSTON MORTGAGE MONITOR (Houston Chronicle) INDIVIDUAL LENDER RATES The mortgage interest rate list represents a sampling of rates as quoted by lenders in the Houston market on Friday. Rates, which may change on
Andersen late entry into plastic-framed window market When Andersen Corp. announced the elimination of 440 jobs in December, the Bayport-based window and door maker pointed to the ongoing slowdown in new-home construction.Commentread more...
Group pushes steel-frame homes in N.O. (Reg Req'd) A Houston distributor of steel framing material, a local entrepreneur and a steel plant in Mound Bayou, Miss., are bringing steel framing for new home construction to the New Orleans
Highlighting Interests, Instead of Ailments When Cameron Grove's resort center re-opens later this month after a major expansion, Frances Johnson, 101, plans to be among the first to try out the swimming pools. Her
UBS' Mortgage Oops (Forbes) The Swiss bank expects further writedowns from mortgage-backed securities.read more...
GMAC to Sell 60% of Commercial Mortgage Unit to KKR (Update5) (Bloomberg.com) U.S. Aug. 3 (Bloomberg) -- General Motors Corp.'s finance arm will sell a 60 percent stake in its commercial mortgage unit to an investor group that includes Kohlberg Kravis Roberts
Rates on 30-year mortgages fell this week to the lowest level in six months, offering support to the sagging home market. Mortgage giant Freddie Mac said Thursday that 30-year, fixed-rate mortgages dipped to 6.40 percent this week, down from 6.43 percent last week.
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