Mortgage war hits bank profits (Stuff) The recent mortgage interest rate war has hit big banks in their back pockets with lower profit margins on home lending, the latest Massey University study shows.read more...
Mortgage, credit turmoil should be 'manageable': IMF (AFP via Yahoo! News) The International Monetary Fund said Friday that global financial market turmoil sparked by the troubled US mortgage sector and a related credit crunch should be "manageable."read more...
January's cold blamed for index drop A national index that tracks pending home sales fell 8.9 percent in January compared to the same month last year and dropped 4.1 percent compared to December 2006, the National
Wealthy housing markets shrug off subprime woes Manhattan real estate broker Dennis Mangone is in a position many in his profession would envy: clients are rushing to buy as Wall Street money piles into the upper
Ind. Gov't. - 'State takes action on foreclosures' "Hoosier homeowners hit by perfect storm." Ind. Gov't. - "State takes action on foreclosures" Niki Kelly of the Fort Wayne Journal Gazette writes today that the State of Indiana
MORTGAGE CRUNCH / Money supply drying up -- jumbo loan rates soar, even for buyers with excellent credit (San Francisco Chronicle) Need a mortgage this month? It's going to be harder -- and more expensive -- to get one. In the past week, turmoil in the mortgage markets has caused increasing
Washington Mutual, which grew rapidly from a Seattle savings institution to a home loan giant, said yesterday that it would buy Providian Financial for $6.45 billion in cash and stock, its first major foray …
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