Dodd Calls for Subprime Mortgage Law to Boost `Accountability' (Bloomberg via Yahoo! News) Aug. 10 (Bloomberg) -- Senate Banking Committee Chairman Chris Dodd said he is drawing up legislation to strengthen subprime mortgage lending standards amid a credit crunch that has shaken
Is Buying a Home in Your 20s A Step Ahead or a Wrong Move? For twentysomethings eager to feel older and more responsible purchasing real estate is tempting. Is it prudent to buy property, or does it restrict lifestyle and career choices?read more...
Abraj Al Lulu, Bank of Bahrain & Kuwait join hands to offer Mortgage Loan Facility (Mena Report) Pearl Real Estate Development Company, a consortium of investors from Bahrain, the Kingdom of Saudi Arabia and the UAE, announced that it has entered into an agreement with Bank of
Is The Building Boom Going Bust? Developers are not ignoring the housing glut and the rising interest rates. According to a national housing consultant, they're renegotiating land and lot purchases and in some cases even walking
Homeowners shocked to find their houses part of massive mortgage fraud scheme (11 News Houston) 11 News got a hold of a list with 300 homes, which were allegedly used to cheat mortgage companies out of $40 million in the last three years. read more...
Rental markets tight in Alberta, B.C. "Generally speaking, vacancy rates were lowest in Alberta 0.9 per cent and British Columbia 1.2 per cent" Vacancy rates in Canada's western provinces are the lowest in the country
Wells Fargo & Co. , the second-largest U.S. mortgage lender, said on Thursday it will close its nonprime wholesale lending business, which processes and funds loans for third-party brokers, citing turmoil in the market for riskier home loans.
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