Britain's RBoS takes key role in 3.1-bln-dlr Bank of China deal British bank Royal Bank of Scotland announced it would assume a key role in a 3.1-billion-dollar initiative to purchase a 10-percent stake in Bank of China.read more...
Mortgage rates drop 0.17 percent Mortgage rates fell this week on continued signs of economic weakness. And the Federal Housing Administration will start charging riskier borrowers more.read more...
Mortgage originations expected to plunge (AP via Yahoo! News) The nation's more than $2 trillion home mortgage business won't halt its current slide anytime soon, with mortgage originations expected to fall 18 percent next year and decline another
The IMF says the era of cheap money is over Farid Bakht After engineering a reduction in interest rates in 2004, an IMF mission suddenly announced a change in policy in 2005.via
Affordability Becomes A Larger Issue, But Not For Median Family Two recent reports suggest that housing affordability is declining nationally and is close to setting new records in California where one out of nine Americans live.read more...
GM eyeing sale of stake in finance arm (Reg Req'd) General Motors Corp. said Monday it is considering selling a controlling interest in its profitable finance arm, General Motors Acceptance Corp., despite the boost GMAC is giving to the struggling
Peggy Daley became the sixth board member to resign from the Lakeland Association of Realtors last Thursday. Daley, who was the association’s incoming president, turned in her resignation to, then-president Matt Ruthven, citing personal reasons. Daley declined to comment to The Ledger on Tuesday.
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