Federal Reserve Chairman Warns Of Reliance on Housing Loans Alan Greenspan says consumers have become enormously dependent on borrowing against their homes to fuel their spending, and that a rise in mortgage rates could trigger a spending pullback. Meanwhile,
Impac Mortgage Declares Dividend (KiplingerForecasts.com) (AP) NEWPORT BEACH, Calif. Real estate investment trust Impac Mortgage Holdings Inc. said Tuesday it will pay a quarterly dividend of 25 cents per share.read more...
30-Year Mortgage Rates Highest in 4 Years (ABC News) 30-Year Mortgage Rates at Highest Point in Almost Four Yearsread more...
Dow, Nasdaq point toward higher opening U.S. stocks moved toward a higher opening Monday as Wall Street tried to bounce back from a losing week and as stocks in Asia and Europe posted gains.Commentread more...
HOUSING: Cracks in the foundation It's the No. 1 question local lawyer Scott Canepa hears when he sues home builders for construction defects.via
Mortgage firm makes buy (The Sacramento Bee) Folsom-based national mortgage banker Central Pacific Mortgage announced Thursday it has acquired Ivanhoe Financial Inc. of Orlando, Fla., and will operate it as Ivanhoe Mortgage.read more...
With the latest U.S. Census Bureau statistics showing that more than a third of married women now out-earn their husbands—and with dual-income families multiplying like crabgrass—it’s no wonder that wives want an equal voice when buying a home. And most husbands, it seems, are…
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