Declining Affordability May Be Affecting First-Time Home Buyers After a decade of steady increases, the homeownership rate appears to have leveled off. Economists say it could be a sign that surging housing prices are finally taking their toll.read
Met Mortgage sues PricewaterhouseCoopers (Seattle Times) Directors of Metropolitan Mortgage & Securities Co. have sued their former accounting firm, PricewaterhouseCoopers LLC, over audits performed in 1999 and 2000 they contend failed to warn them that the
FBI details spike in mortgage fraud cases (The Arizona Republic) The housing market slump meant brisk business last year for mortgage scammers, says the FBI.read more...
Bookkeeper claims Hot Lotto jackpot CHARLESTON, W.Va. A real estate company bookkeeper has claimed a one-point-seven-five million dollar Hot Lotto jackpot, opting for the cash payment of about one million dollars instead of a 25-year
Mortgage applications fell 1.9% last week, MBA data show (Market Watch) Mortgage applications filings last week dropped a seasonally adjusted 1.9% compared with the week before as interest rates rose sharply, the Mortgage Bankers Association said Wednesday. Applications to refinance an
Mortgage equity withdrawal rises (Reuters.co.uk) LONDON (Reuters) - Mortgage equity withdrawal rose to 11.806 billion pounds in the fourth quarter of 2005 or 5.6 percent of post-tax income, the Bank of England said on Tuesday.read
The Canadian dollar finished higher versus the U.S. dollar on Monday as survey data showed purchasing activity in Canada topped estimates in January, helping to lift the currency from recent lows.
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