Fixed rates might be cut further Reserve Bank governor Alan Bollard will probably leave interest rates on hold tomorrow, but more banks are already cutting fixed-term mortgage rates, and they could go lower, economists say.via
EDR Acquires Student Housing Community Near University of Florida via
Global stocks rally, but turmoil not over "There is potential for the markets to remain volatile over the next few weeks as investors eye whether or not the central banks across Europe will cut interest rates"
Subprime mortgage woes keep home builders glum in March (USA Today) Deepening problems in the subprime mortgage sector, which caters to borrowers with weak credit histories, chipped away at U.S. home builder confidence in March, the National Association of Home Builders
NY's Cuomo to announce mortgage probe development (Reuters via Yahoo! News) The New York state attorney general plans to announce a "major development" on Thursday morning in an ongoing investigation of the mortgage industry his office said on Wednesday.read more...
Retirement home owner, builder fined for muddying creek Muddy water flowing off a retirement home construction site into a Bellingham creek triggered fines totaling $108,000 for the builder and the property owner.read more...
With all the recent news about mortgage foreclosures and the possible end to easy credit, I hope you will join me today at noon ET for a chat with author and director James D. Scurlock. As the featured author for the March Color of Money Book Club selection, he will answer questions or take comments about his movie and book, “Maxed Out: Hard Times, Easy Credit and the Era of Predatory Lenders.” ...
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