Treasuries Decline as 10-Year Yields Reach the Highest Level Since March U.S. Treasuries fell, pushing the 10-year note's yield to the highest since its peak this year in March, on speculation the Federal Reserve will continue raising interest rates into next
Mortgage lending dips (Times Online) Mortgage lending slowed in August for the first time in four months, signalling that a shock interest rate rise in the same month may have begun to curb homebuyers' appetite
Political 'solutions' create more problems It is remarkable how many political "solutions" today are dealing with problems created by previous political "solutions." Three examples that come to mind immediately are the housing market crisis,
Orders for Durable Goods Off, When Planes Are Excluded Orders for business equipment stumbled last month, the government reported yesterday, but sales of new homes sprinted to an annual pace just shy of last October's record.via
Scotiabank Q2 profits rise 5% to $826M from $784M, ups dividend to 34 cents Scotiabank's second-quarter profits rose to $826 million from $784 million on lower loan losses and strong results in its domestic, international and investment banking divisions, the bank reported Tuesday.via
Mortgage broker gets 28 years for swindling clients Schneider Mortgage broker owes millions, but victims probably ... (San Jose Mercury News) A judge sentenced a Santa Clara mortgage broker Friday to 28 years and four months in prison for stealing $43 million in an elaborate investment fraud that victimized dozens of
Fiserv Lending Solutions, a unit of Fiserv, Inc. , announced that Albuquerque, N.M.-based Charter Mortgage has selected the Fiserv UniFi PRO Mortgage eX loan origination software system to take its mortgage business to new levels of flexibility and integration.
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