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Foreclosures Drive Prices Lower  A glut of foreclosed homes is starting to drive down U.S. home prices as lenders put more properties on the market and buyers show signs of interest.read more...


These Relics Could Sink a Sale    Housing fashions flare and fade nearly as fast as clothing fads. The backyard fire pit? It will go the way of the ruffled tuxedo shirt. The soaring two-story foyers?


Name to blame over mortgage hate-mail (Daily Telegraph)  A MORTGAGE firm has received threatening phone calls, abuse and even a letter containing a white powder in recent weeks ? all because its name is similar to a much


Flaherty tells banks to be 'generous' to war widows on mortgage insurance  I await their response and I will be pleased to report to the House with respect to their response as soon as it is received."Maureen Gillam, whose husband, Sgt.Commentread more...


Beware of on-the-spot contract work   When a home improvement contractor offers you a good deal on a project, you want to believe he's on the up and up. via KVAL-TV Eugene read more...


Hancock Fabrics files for extension to reorganize   Hancock Fabrics Inc., based in Baldwyn, is seeking additional time to submit a reorganization plan to the federal bankruptcy court in Delaware. via The Clarion-Ledger read more...

December 5th, 2006

Mortgage bank abruptly closes (Denver Post)

A Texas mortgage bank that employed 50 people in the Denver area abruptly closed its doors Friday, signaling more trouble in the subprime lending industry.

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