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NWI home sales climb again in March  Northwest Indiana home sales shot up in March, breezing past February figures and topping the previous year.read more...


Mortgage-fraud defendants plea-bargain (Akron Beacon Journal)  Two minor figures indicted last year in the multimillion-dollar mortgage-fraud and money-laundering case involving Evergreen Investment Corp., Evergreen Homes and Carnation Banc have agreed to plea bargains, authorities said Tuesday.read


Deutsche Bank books record third-quarter profits  Deutsche Bank, Germany's biggest bank, said that bottom-line earnings surged 46 percent in the period from July to September, hitting the highest levels ever attained in a third quarter.read more...


Mortgage unit drives Block's further loss (bizjournals.com via Yahoo! Finance)   Continued weakness in its mortgage division caused H&R Block Inc.'s deeper second-quarter loss and lower revenue compared with the same period last year.read more...


Poinciana Is Not to Blame; I Blame Disney  read more...


First Union Real Estate Equity and Mortgage Investments Announces its Sale of 3,522,566 Common Shares to Vornado Realty (PR Newswire via Yahoo! Finance)   First Union Real Estate Equity and Mortgage Investments announced today that it consummated the sale of its common shares of beneficial interest to a subsidiary of Vornado Realty Trust

May 31st, 2007

Home-Price Growth Slow in First Quarter

The rate of increase in U.S. home prices remained slow in the first quarter of the year, marking the slowest growth pace in a decade and extending a trend that began last yea.

Figures released Thursday by the Office of Federal Housing Enterprise Oversight, the agency that oversees the big mortgage-finance companies Fannie Mae and Freddie Mac, provided the latest indication of a modulated slowdown in the once-sizzling housing market.

Average home prices edged up 0.5 percent in the January-March period, compared with 2.2 percent in the first quarter of 2006, the report showed. House prices were 4.3 percent higher in the first quarter of this year than they were in the same quarter of 2006. Read more



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