Change predicted in mortgage banking (Baltimore Sun) New York // With interest rates rising and "For Sale" signs lingering on lawns around the country, the mortgage banking business is undergoing an unwelcome transformation. read more...
Food for Thought EDITOR'S NOTE: John Mackey is arguably the most unusual chief executive in the food retail industry. He is certainly one of the most successful. A philosophy major, he dropped out
The Changing Business of Real Estate "This is just another symptom of a business model broken beyond repair." Like it or not the business of buying and selling a home is changing. While a slowdown
Avoid PMI with lender-paid insurance You'll probably pay points but it will make the expense tax deductible, Dr. Don says.read more...
On the Beach, Timing Counts Kathy Lewis didn't know whether it was the right time to buy a beach house, just that it was the right time for her. read more...
ACT Mortgage Capital Launches Loan Origination and Tracking System for Brokers (Market Wire via Yahoo! Finance) ACT Mortgage Capital, a wholesale lender based in Sunrise, Florida, and MindBox, LLC, a leading provider of rules-based software products for automating loan origination decisions, deal structuring, and underwriting,
“In the near term, tightening credit standards for borrowers should reduce the pool of potential buyers: Liquidity and affordability issues may impede some customers from closing, while others may find it more difficult to sell their existing homes”
HORSHAM, Pa. – Luxury homebuilder Toll Brothers Inc. said today it expects to report a 21 percent decline in third-quarter homebuilding revenue, and cautioned that mortgage market troubles may cause further … via The Daily Times
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