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Home builders see bottom  The serious slump in the housing market may be near a bottom, say home builders - though it could take a while before prices rebound.Commentread more...


Prospective homebuyers caught in mortgage squeeze (Newsday)  It's gotten a lot tougher for first-time home buyers to secure a mortgage these days.read more...


Mortgage 'famine' fear as door is closed on new loans (Daily Mirror)  A mortgage famine is on the cards as more banks follow First Direct's decision to slam the door on new borrowers.read more...


Creative buyer can have edge in hot market  Deborah Reber and husband Derin Basden stand outside their Wallingford home with son Asher Basden, 9 months, and dog Baxter, who helped them win the house.via


E-LOAN Rated Best Overall in Best Practices Implementation in Q3 2006 Keynote Mortgage Scorecard (Business Wire via Yahoo! Finance)   PLEASANTON, Calif.----Aug. 7, 2006--E-LOANŽ, an online consumer direct lender, today announced that it has received the highest overall rating for online best practices implementation in the Keynote Systems' WebExcellence


Home Sales Rise in Hard-Hit Areas  Home sales are rising in some U.S. areas where lenders have cut prices on foreclosed properties, amid overall weak sales.read more...

March 4th, 2007

HSBC hits record profits of $22bn

HSBC has hit record profits despite tough times in the US HSBC, Europe’s biggest bank, has reported a 5% rise in profits to a record $22.08bn . The profit rise was within the range of analysts’ expectations, ...
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