Rate Fears Hit House Prices House prices fell by 1.2% during June as consumers worried about interest rate rises, and the heat continued to come out of the property market.read more...
Dow recovers after uncertain day Wall Street gyrated and then steadied itself, closing with a respectable advance although the Dow Jones industrials fell as much as 136 points and briefly dropped below the 12,000 mark
Dress Up Your Home for a Quicker Sale CHICAGO -- A slower U.S. housing market means sellers can no longer bank on having their pick of offers for properties showing their age and the wear and tear
Mortgage applications rebound from low (Baltimore Sun) Index reflects increase in refinancing, buying An index of mortgage applications rebounded from the lowest level since January, reflecting increases in refinancing and home purchases, a private group's
Jews who trust Germany Six decades after the end of Nazism, Jews are again putting down roots in Germany.read more...
Loan Plan for Homeowners Struggling U.S. homeowners could receive federal loans to pay down as much as 20% of their principal under a proposal by the FDIC to help stem foreclosures.read more...
(Adds comments on expansion and deals in sixth to eighth paragraphs.) NEW YORK (MarketWatch)—Merrill Lynch & Co. defended its $1.3 billion purchase of a subprime mortgage company in December, saying the business will revive and the purchase gives it crucial insight into market trends. At the same time, Merrill said its subprime mortgage business has represented less than 1% of its revenue over …
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