Existing Home Sales Drop for 4th Month Sales of existing homes fell for a fourth straight month in June as all sections of the country showed weakness.The National Association of Realtors reported that sales of existing
AIB admits tracker mortgage blunder (RTÉ News) AIB says that as a result of a manual error, 500 discount tracker mortgage accounts were not adjusted upwards after ECB interest rate increases between March 2006 and March 2007.read
Ross councilman quits over permits A freshman councilman in Ross has abruptly resigned his seat, saying the council is wielding too much power over home design and remodeling projects.via
Finance Pre-approvals Finance Pre-approvals. It is now common for home buyers to go to a bank or mortgage broker and get their finance pre-approved. This is an excellent idea.via
Home Depot (HD) takes a bath on wholesale unit "Both sides had agreed that if the financing for HD Supply fell apart, it would spook debt markets further, potentially casting more doubt on a series of higher-profile transactions."
Rates on 30-year mortgages edge up ... Mortgage giant Freddie Mac said its survey showed that rates on 30-year, fixed-rate mortgages rose to 6.12 percent, up from 6.10 percent last week.read more...
The federal government began outlining its case in a mortgage flipping trial in Hattiesburg Monday afternoon. Hattiesburg attorney Kim Castle, alleged ringleader Richard Lucas, and Real Estate Aappraiser Kenneth Stalnaker are charged with conspiracy to commit wire and bank fraud.
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