How far will prices climb? Prices for lumber and building supplies will rise in the wake of Hurricane Katrina, but how far remains to be seen.read more...
Mortgage rate cuts signal improving conditions (Financial Times) Northern Rock , HBOS and Royal Bank of Scotland on Friday became the latest lenders to cut mortgage rates, in a further sign that the market is improving for borrowers.read
Mortgage applications rise again (Detroit News) U.S. mortgage applications rose for a fourth week in five as cheaper borrowing costs led to more home purchases and refinancing, a private report showed today.via
GMAC Residential Mortgage Unit Plans Bond (AP via Yahoo! News) General Motors Corp.'s financing arm, General Motors Acceptance Corp., has formed a separate residential mortgage unit that will attempt to tap the private bond market, the company said Thursday.via
FSA statement on mortgage exit administration fee increases (UK Financial Services Authority) The Financial Services Authority today set out its views on recent increases in mortgage exit administration fees (MEAFs), and how it expects mortgage lenders to address the issues raised.read more...
Mediate or risk drowning in legal fees Dear Steve, I bought a seven-year-old house in October 2004. Neither the Realtor nor the seller mentioned a drainage problem.via
Wall Street opened mixed Thursday as investors awaited a speech by U.S. Federal Reserve Chairman Ben Bernanke for clues to how policymakers think the economy is faring, and to gauge whether an interest rate …
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