Ahead of the Bell: Mortgage Lending (AP via Yahoo! Finance)
Senators will scrutinize home lending practices Tuesday when they convene a hearing on how to protect consumers from mortgage abuses.
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Buying a House Gets Easier As More Homes Stay on the Market Inventories are climbing in a number of cities. In another sign of a cooling housing demand, home-builder Toll Brothers reported a 29% drop in new orders.read more...
Real estate 'bubble' won't burst in Midland A Midland real estate broker said the bursting "bubble" in home pricing that's hit the East and West Coasts isn't likely to happen here.read more...
Local mortgage rates drop (Orange County Register) Mortgage rates dropped in Orange County this week for the fifth straight week.read more...
CBS Cancels 'Judging Amy,' 'Arcadia' CBS on Wednesday canceled "Judging Amy," "Joan of Arcadia" and the Wednesday edition of "60 Minutes" as the nation's most popular network tries to attract younger viewers.via
S&P mulls $500B in mortgage downgrades (AP via Yahoo! News) Standard & Poor's Ratings Services is considering slashing its rating on more than $500 billion of investments tied to bad mortgage loans, the ratings agency said Wednesday.read more...
Housing Sales Slowest on Record Sales of existing homes fell for the sixth straight month in January, dropping to the slowest pace on record. Median home prices were also down, and many analysts predicted further