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Cuomo: Appraisers Inflated Home Values  "By allowing Washington Mutual to hand-pick appraisers who inflated values, First American helped set the current mortgage crisis in motion." New York Attorney General Andrew Cuomo said Thursday a


Islamic Center searches for new home  Eight local women in headscarves knelt Friday on stained green carpet in a dim, narrow room and prayed quietly as an imam's voice recited verses of the Quran in Arabic


Towers demolition goes smoothly in front of 10,000 viewers  Updated 12:38 p.m. CDT It took Knapp and Storms Halls approximately 12 seconds to collapse, leaving a billowing cloud of dust, 8,500 tons of rubble and 10,000 spectators, some speechless,


House prices skyrocketing on Oregon Coast (Reg Req'd)  The real estate boom has hit the Oregon Coast hard in the last few years, sending prices zooming up in many of the small cities that dot the coastline.read more...


Weekly Outlook - Australian Dollar Remains Indecisive As Economy Cools  The Australian dollar began last week in an indecisive mood while attempting to push further off the previous weeks touch of a yearly low.read more...


Officials say they are buried in mortgage fraud cases (Houston Chronicle)  The number of mortgage fraud cases has grown so fast that government agencies that investigate and prosecute them cannot keep up, lenders and law enforcement officials have said.

May 26th, 2005

Fannie Mae mortgage portfolio drops again (Reuters via Yahoo! News)

Fannie Mae , the largest U.S. home funding company, said on Friday its mortgage portfolio fell by an annualized 16.3 percent in April, its sixth straight monthly drop.

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