Continue reading Stocks rise despite down economic report "The Beige Book does look weak" Wall Street managed a moderate gain in an erratic session yesterday as investors sorted through a downbeat Federal Reserve assessment of the economy
Mortgage rates (The Olympian) Rates on 30-year mortgages climbed this week for the eighth time in the past nine weeks, hitting the highest level in nearly four years. Freddie Mac, the mortgage company, reported
Technology reinvents new-home construction Surrender our listings to whom? Interlopers who add no value to a transaction? The real estate transaction is emotionally charged and complicated as is without some third-party trying to skim
Capitol Federal stands steady amid mortgage industry meltdown (The Kansas City Star) In the chaos of the mortgage market, scores of lenders have collapsed. Wall Street chieftains have fallen. Foreclosure stalks perhaps a million homeowners. Washington pushes a hopeful cure.read more...
Local Roof Collapse May be Shoddy Carpentry The cause of the roof collapse at the Capital Area Michigan Works building could be the result of shoddy carpentry.via
The Mortgage Market: What Happened? (NPR) As the nationwide real estate boom of recent years goes bust, economists and regulators are questioning the role that mortgage lenders played in helping to create an overheated housing environment.
Three federal agencies and two associations of state regulators will cooperate in an innovative pilot project to conduct targeted consumer-protection compliance reviews of selected non-depository lenders with significant subprime mortgage operations.
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