No Lull in Mortgage Pitches (NYTimes.com via Yahoo! Finance) The mortgage market may be in a historic upheaval, but mortgage companies continue to pump out upbeat advertisements.read more...
Mortgage Dynamics sold to Indecomm (BizJournals) Mortgage Dynamics has signed an agreement to merge into Indecomm Global Services.read more...
30-year mortgage rates hit 5.91%, higher than a year ago (USA Today) The Mortgage Bankers Association said Wednesday that fixed 30-year mortgage rates averaged 5.91% last week, excluding fees, up from 5.83% the previous week. In a break with recent trends, the
Appraisal Inflation Have inflated appraisals helped fuel the surge in foreclosures on credit-strapped borrowers? Are such appraisals at the core of many mortgage-fraud schemes? read more...
Abbey issues job cuts warning The new owner of banking group Abbey dealt a fresh blow to staff by warning that it planned to cut more jobs than originally forecast.via
Be careful choosing fixes for the mortgage meltdown (Seattle Times) There will be few winners in the mortgage meltdown. Democrats may be an exception, but they can blow it by trying too hard to fix what pains...read more...
“People are smart and avoid items whose prices have increased”
A mix of consumer goods and services you paid $100 for in 1996 now costs you $145.19, according to the latest Consumer Price Index survey. via Guam Pacific Daily News
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