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Home building rebounds  New housing construction in Sonoma County is the strongest in six years and the pace is expected to increase, giving buyers more choices and helping slow the rise of record-setting


SCAM OF THE WEEK: Mortgage fraud (Kansas City Star)  The scam : Mortgage fraud/predatory lenders. The targets : Homebuyers/owners who want to refinance; people with troubled credit.read more...


Darling to meet mortgage lenders (BBC News)  The Chancellor is to meet mortgage lenders later to discuss how to help struggling borrowers.read more...


Thornburg Mortgage delays dividend as stock plunges (USA Today)  Thornburg Mortgage on Tuesday delayed payment of its 68 cent-per-share quarterly dividend to Sept. 17 from Aug. 15, citing "significant disruptions" in the mortgage market.read more...


Abby: Make car 'no phone zone'  Q: While driving near a school in the late afternoon, I noticed in my rearview mirror a mother talking on her cell phone while her daughter sat stone-faced beside her.read


Rent a Vacation Home and Save  One way of getting more for your money this summer vacation: hit the Internet to find a vacation rental instead of a hotel room, gaining space and possibly saving a

October 30th, 2006

Mortgage approvals hit two-year high (Financial Times)

The number of mortgage approvals in September were at their highest in more than two years, the Bank of England said yesterday, reinforcing expectations its monetary policy committee will increase interest rates to 5 per cent next month.

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