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Beazer to Exit Mortgage Business (AP via Yahoo! Finance)   Beazer Homes USA Inc., one of the homebuilders hardest hit by the housing crash, said Friday it will exit its mortgage origination business immediately and shut down operations in


Homeowners Insurance Bill Won't Prevent a Rise in Rates  read more...


Steer clear of MTA option mortgages  They're dangerous, says Dr. Don, and if it's the only way you can get that big a loan, you're buying too much house.read more...


C.A.R.'s Senior Home Seller Survey Offers New Insights  People are living longer and healthier lives, which will impact what kind of housing options they want later in life, suggests the Senior Advantage Real Estate Council in its annual


Cannibalizing car sales  People love a bargain, and snapped up inventory from dealers' lots. Advertisement But we wonder if the dealers and automakers factored in the inevitable lean time afterward: Someone who has


Housing downturn hasn't run its course, KB Home exec says   The chief executive of KB Home , one of the nation's largest home builders, said Tuesday he expects the housing slump to worsen, even though sales have improved in

July 26th, 2007

Japanese Stocks Tumble; Dollar Down

Japanese stocks plunged nearly 3 percent Friday, hurt by a sharp decline overnight on Wall Street, recent yen strength and uncertainty about weekend elections.

In mid-afternoon trading, the Nikkei 225 index was down 499.61 points, or 2.82 percent, to 7,202.48 points at mid afternoon. Exporters such as Honda Motor Co. and Fujitsu Ltd were among the losers.

Prices tumbled after Wall Street suffered one of its worst losses this year Thursday as investors succumbed to months of worry about the U.S. mortgage and corporate lending markets. Read more



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