Real estate man pleased as Bollard puts rate on hold News Release Date: 29 April 2005 NZ Time. Source: stuff.co.nz The Reserve Bank's decision today not to increase the official cash rate was welcomed by Marlborough Real Estate Institute district
Strict budget will make owning home a reality Anysia Kenney watched as one by one all five of her best friends bought their first homes.read more...
Mortgage Links Unclear in Pension Plans (AP via Yahoo! Finance) If you want to know how much of your pension fund is invested in mortgage-backed securities, you'll have to ask the fund manager.read more...
Just How Shaky Is Housing? Economists have been watching for a collapse, but it isn't here yet -- and the sector may even see a short-term uptick Recent concerns about the housing sector -- including
Condos sit unbought along Carolina coast The coastal housing boom of the past few years has come to a screeching halt, and that could mean opportunity for Triangle banks.Commentread more...
Only visible flaws matter in home sale Neither the seller nor an inspector can be held liable for home defects they didn't know about, says Real Estate Adviser Steve McLinden.read more...
The audit committee of the Beazer Homes USA board of directors has launched a review of the company’s mortgage origination business, the company disclosed Thursday in a securities filing.
Federal authorities previously disclosed a criminal investigation of the company’s mortgage business by the FBI, the Internal Revenue Service and the Department of Housing and Urban Development.
Both the government and the company are responding to an Observer series, published in March, that charted how Beazer’s aggressive sales tactics contributed to an unusually high foreclosure rate in many of its Charlotte-area starter-home developments. The Observer found Beazer’s mortgage arm arranged larger loans than some customers could afford (www.charlotte.com/foreclosure). Read more
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