FBI 'probes US mortgage lender' (BBC News) Failed US mortgage lender IndyMac Bank is reportedly being investigated by US officials over suspected fraud.read more...
Housing activity builds Construction of new homes and apartments, defying forecasts of a housing slowdown, shot up in January at the fastest pace in more than three decades.read more...
The Week Ahead: When the Chancellor's on his feet, the City turns to drink While the Chancellor's much anticipated pre-Budget statement will dominate the airwaves this week, the reporting season continues with a host of results and pre-close trading updates.read more...
Lenders swindled in alleged fraud Banks and other lenders are believed to have been swindled out of millions of dollars in a mortgage fraud in Auckland and Christchurch.read more...
Santa Paula Times: Santa Paula designers, artist featured in Design House 2005 When you visit Design House 2005 benefiting New West Symphony, be prepared to enjoy the work of notable Santa Paula designers and artists.via
American Home Mortgage plunges 87 pct (Reuters via Yahoo! News) Shares of American Home Mortgage Investment Corp. resumed trading on Tuesday, plunging 87 percent after the mortgage lender said it is unable to fund home loans and may have
“A 20 percent decline looks like good news when we have potential bankruptcies among home builders.”
U.S. home builders’ shares rallied to their biggest gain in more than four years after Toll Bros.’ revenue beat estimates. via Fort Worth Star-Telegram
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