Mortgage applications soar in first week of ‘07 (CNN Money)
Activity index increases 16.6% as survey suggests stable housing market; interest rates fall for the first time in more than a month, trade group reports.
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MORTGAGE MAYHEM (New York Post) SHE who would be president excoriates, as Democratic presidential candidates must, the current president and almost all his works. But she and he largely agree regarding the subprime-mortgage problem. Granted,
Waltham banker linked to mortgage fraud scheme (The MetroWest Daily News) A Waltham man was arrested yesterday in connection with an elaborate mortgage fraud scheme involving several people, the attorney general's office said. read more...
U.S. existing home sales fell 2.2 pct in December The pace of existing home sales in the United States fell by 2.2 percent in December to a slower-than-expected 4.89 million-unit annual rate, the National Association of Realtors said
SEC Ends Met Mortgage Stock Registration (Reg Req'd) Collapsed Metropolitan Mortgage & Securities Co., once a $2.7 billion conglomerate, has had its right to issue and trade stock terminated by the Securities and Exchange Commission, the agency announced
Mortgage rates fall; confidence rises (Contra Costa Times) Rates on 30-year mortgages as well as for some other home loans dropped this week, in a dose of good news for prospective home buyers. Freddie Mac, a big player
Wachovia to enter German mortgage market (bizjournals.com via Yahoo! Finance) Wachovia Corp. plans to expand into Germany's mortgage market this year, Reuters reports, citing a company official's remarks to a German newspaper.read more...