New York Mortgage sells retail business (Crain’s New York Business)
The mortgage financier sold its retail mortgage banking business to IndyMac Bancorp for $13.4 million.
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Agents selling one property a week The number of homes changing hands has dived to a new record low, with estate agents selling an average of just one property a week, figures have showed.read more...
Bonds Tied to Mortgages Have Hope Maybe there's a way to thrive in the howling wasteland that is the home-loan market. Bonds backed by mortgages look like a buying opportunity, assuming a new spate of defaults
Paulson: agreement near on effort to freeze mortgage rates (Siskiyou Daily News) AP Economics Writer WASHINGTON - Treasury Secretary Henry Paulson said Monday he is confident there will soon be an agreement to help thousands of homeowners avoid mortgage defaults by temporarily
Zupa joins with Weichert on circle Real estate agent Burt Zupa has partnered with Weichert Real Estate Affiliates Inc.read more...
30-Year Rate Rises to 2-Month High Rates on 30-year mortgages jumped this week to the highest level since mid-March as investors began to worry about what the Federal Reserve will do to combat growing inflation pressures. read
New tools help decipher mortgage confusion (The Charlotte Observer) A few entrepreneurs are developing new tools to help home buyers tackle one of the most confusing projects they face: figuring out whether a mortgage is a fair deal.read more...