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Mortgage firms turn to market niches (BizJournals)  With the residential mortgage market expected to cool further in 2007, mortgage brokers are refocusing on the home purchase market rather than refinancings, which pushed the industry to nearly $4


Buyers warned to beware of old houses  Property investors keen on emulating TV makeovers of old and listed buildings are being warned by housing experts to do their homework or risk going over budget by thousands of


Local Home Foreclosures on the Rise    Caprise Coppedge, a housing counselor in Prince George's County, used to work with maybe one person a week who was struggling to make a mortgage payment. read more...


Figuring out the financial jungle  If you ever had a question about money, finances, mortgages or retirement but were afraid to ask, today may be your lucky day.via


U.S. Stocks Fall This Week as Slowing Job Growth Hints at Economic Cooling  U.S. stocks fell for the week after a report showed the lowest job creation since August 2003 and oil prices climbed.via


Fall 2007 Edition of the Tracking Study of the Affluent Market Tracks ...   Research and Markets has announced the addition of Fall 2007 Tracking Study of the Affluent Market - #12 to their offering. via Earth Times read more...

March 8th, 2007

New Century Stock Resumes Slide; GE Mortgage Unit Curbs Loans (Bloomberg.com)

March 9 (Bloomberg)—New Century Financial Corp.’s stock, already down about 90 percent this year, fell to its lowest level since 1998 as Merrill Lynch & Co. analyst Kenneth Bruce predicted the mortgage company will go bankrupt.

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