Housing Slump Seen Weighing on Economy
The slowdown that hit the U.S. economy will persist into 2007 as the once red-hot housing market continues to suffer through a serious correction, analysts say.
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Stocks Head for Higher Open "The big problem has been the financials, and this helps supply money directly to the banks and may take some of the need for aggressive rate cutting off the table"
GMAC's mortgage arm cutting jobs (Detroit Free Press) The nation's mortgage and credit problems claimed another big victim Wednesday, as GMAC Financial announced that its home mortgage arm would lay off up to 5,000 workers and close 200
Mortgage Bills Growing For Homeowners Homeowners are spending nearly a fifth of their income each month on mortgage repayments, figures show.via
Memphis riskiest city for mortgage (Memphis Business Journal) Memphis is the top at-risk mortgage market in the U.S. according to the CoreLogic Core Mortgage Risk Monitor.read more...
Meade jobs could boost post's housing Picerne Military Housing has tried everything at Fort George G. Meade. First, it renovated the inside of some of the Korean War era homes, painting, replacing carpets and appliances, and
Mortgage rates fall in survey The benchmark 30-year fixed-rate mortgage fell 6 basis points, to 6.42 percent, according to the Bankrate.com national survey of large lenders.read more...