Irwin Mulls Sale of Mortgage Business (AP via Yahoo! Finance) Irwin Financial Corp., which provides mortgages and other banking services to consumers and small business, said Wednesday it has hired investment bank JPMorgan to help it consider strategic options
Ahead of the Bell: Mortgage Insurance (AP via Yahoo! Finance) As people miss payments on their mortgages more frequently, the insurers who write policies covering mortgage defaults will take a significant hit to earnings in 2007 but remain profitable,
ABB First-Quarter Net Profit Soars to $199M Associated Press ABB First-Quarter Net Profit Soars to $199M 04.28.2005, 11:53 AM The Swiss-Swedish engineering company ABB Ltd.via
Fitch Downgrades $974M in Mortgage Bonds (AP via Yahoo! Finance) Fitch Ratings cut its rating on $973.9 million in bonds backed by mortgage debt because the agency assumes more people will fail to repay their home loans.read more...
Affordability index shows fewer can purchase homes The percentage of households in California able to afford a median-priced home was 16 percent in July, down three percent from July 2004.read more...
Signs the real estate market is changing The author's advice, basically, was don't worry prices are going to go up, if not now then certainly in 5-10 years after you buy your home.via
“Make sure you review all your paperwork. That is a lot of paperwork. Make sure you know all the terms of your financing because all builders have different incentives.”
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