Countrywide, Quicken Say Rising Rates Spur Mortgage Refinancing (Bloomberg.com) May 8 (Bloomberg) -- Countrywide Financial Corp., the biggest U.S. mortgage company, and Quicken Loans Inc., the top Internet home lender, expect refinancing to increase as rising borrowing costs prompt
Chat Plus Real estate editor Maryann Haggerty and columnist Elizabeth Razzi expand on a question submitted to a recent online chat. read more...
Existing-Home Sales And Prices Decline The number of homes sold in May fell 0.3% to the lowest level in nearly four years, while inventories climbed and prices dropped from a year earlier for a 10th
Toll Brothers reports orders fall 33 percent in quarter Toll Brothers Inc., the largest U.S. builder of luxury houses, said fiscal second-quarter orders fell 33 percent as customers waited to see whether a glut of homes on the market
Home Depot chief Blake says no decision yet on supply unit future The Home Depot Inc.'s chief executive said Thursday that the company still has not decided what to do with its wholesale distribution arm, despite its announcement last month that it
NovaStar mortgage unit completes $1.4B securitization (bizjournals.com via Yahoo! Finance) NovaStar Financial Inc.'s mortgage subsidiary has completed a $1.4 billion securitization of nonconforming mortgage assets.read more...
NEW YORK ? Private mortgage insurance is making a comeback. Until six or eight months ago, private mortgage insurance was out of favor as people eager to get into the roaring housing market took adjustable-rate mortgages or piggyback loans or some other exotic form of financing.
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