Home sales slow, but prices still climbing The sizzling housing market may have cooled at the end of 2005, but still-surging home prices did not reflect it, according to a report Wednesday from a real estate trade
Broker stung by mortgage write-offs (Toronto Star) NEW YORK?Merrill Lynch & Co. yesterday recorded its biggest quarterly loss since being founded 94 years ago after the world's largest brokerage took almost $15 billion (U.S.) worth of writedowns
A Hunt for Energy Hogs To Cut the Electric Bill Jason Fry searches for his home's power eaters and finds gadgets aren't the culprits. What's gobbling up the most electricity are low-tech items his grandparents had, not computers and chargers.read
CIBC to use $1B Cerberus cash to stop mortgage writedowns (CBC) CIBC took a big step toward ending U.S. real estate writedowns Friday by getting Cerberus Capital to invest $1 billion in the Canadian bank's residential mortgage business.read more...
People on the move Kimberly Cato has been appointed to the position of mortgage originator in United Bank's Florida market.read more...
Mortgage Failure Rate Rises Mortgages issued in the first half of 2007 are going bad at a pace that far outstrips 2006, an analysis shows.read more...
The Financial Services Authority has fined Best Advice Mortgage Network £7,000 for poor record keeping. The regulator says the firm did not ?record and retain sufficient personal and financial information about customers before recommending a mortgage contract between June 2005 and June 2006?.
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