Record foreclosures hit mortgage lenders (USA Today) Late payments and foreclosures on U.S. homes rose in the fourth quarter last year, driven by subprime borrowers with weak credit and adjustable-rate mortgages that rose to higher interest rates,
Merrill Lynch to Post 3Q Loss Investment bank Merrill Lynch & Co. said Friday credit and mortgage woes will lead to it post a third-quarter loss, as it takes almost $5 billion in writedowns in
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Housing market loses steam U.S. home sales fell 4.7 percent in the fourth quarter from a record in the previous three months, another sign the housing market is cooling, according to a report from
A home of your own There are three good ways to own a home around here. One, strike it rich, move to Rumson and add 'Springsteen's neighbor' to your resume.read more...
Architect Gene Leedy's Local Works of Art Showcased Along Tour WINTER HAVEN | Those who believe that genius is never recognized in one's hometown haven't met Gene Leedy or the 100 or so folks whose efforts created The Leedy Lifetime
Congress is looking at potential reforms to risky home lending practices, although a House subcommittee hearing on Tuesday suggests lawmakers are still sorting out the complex workings of the mortgage market and wondering whether reforms will be necessary or helpful.
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