How to prepare for your first mortgage (Austin American-Statesman) CHICAGO ? Some people would rather eat ground glass than face the process of applying for a mortgage. It seems so . . . complicated. Intimidating. Paperwork-laden.read more...
Homebuilders Lower Forecasts From MarketWatch: Beazer trims 2006 outlook Beazer Homes USA Inc. again cut its earnings forecast for 2006, blaming higher cancellation rates and weakening sales as the deluge of negative news
Mortgage approvals down but gross lending up (Daily Telegraph) Mortgage approvals fell in April but gross mortgage lending was up year-on-year, according to figures from the British Bankers' Association.read more...
Freddie Mac predicts 3Q, 4Q losses Home-mortgage financier Freddie Mac said Friday it expects to report losses for the third and fourth quarters of 2006, citing interest rates declines.Commentread more...
Mortgage menders (The Morning Call) Lenders are working with mortgage clients to avoid foreclosure. | As home foreclosures mount, mortgage companies are knocking on doors, sending letters and making phone calls with
Impac Mortgage Holdings, Inc. Issues $20,000,000 of Trust Preferred Securities (PR Newswire via Yahoo! Finance) Impac Mortgage Holdings, Inc. , a real estate investment trust , announced that on October 18, 2005 its newly formed Delaware statutory trust, Impac Capital Trust #4, issued $20,000,000
Existing-home sales will fall 8.1% this year while new-home sales will drop 7.1%, Fannie Mae says. The declines are largely due to investors pulling out of the housing market, the mortgage-finance company says.
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