Mortgage approvals surge in September (Guardian Unlimited)
Mortgage approvals soared to two-and-a-half year high in September, official data shows.
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Obama: McCain's mortgage plan costly, unworkable (AP via Yahoo! News) Democrat Barack Obama's campaign criticized John McCain's mortgage bailout plan Wednesday, saying it would cause the government to lose money by paying too much for bad loans.read more...
Complaints against builder illustrate agency's problems (Reg Req'd) After moving into new homes, many Texas homeowners have just one goal in mind: to sue their builders.via
Allco Max Securities & Mortgage Trust Debutes On ASX (Asia Pulse via Yahoo! Australia & NZ News) The Allco Max Securities and Mortgage Trust (Max) (ASX:AXQ) listed on the Australian Stock Exchange at a four per cent premium to its offer price this morning.read more...
Lack of escrow safety net adds to subprime risks As financial regulators and Congress probe more deeply into the delinquencies and foreclosures roiling the subprime home-loan market, one key factor is receiving increased attention: the lack of mandatory ...Commentread
Home improvement contracts considered The bill would not require contractor licensing or protect consumers from fraudulent contractors who collect payments without doing any work.via
Chat Plus Real estate editor Maryann Haggerty and columnist Elizabeth Razzi respond to a question adapted from a recent online chat. read more...