Builder Barratt sees year results as expected Barratt Developments said on Friday it was on track to meet full-year expectations, but it warned that without an autumn or spring pickup in the shaky housing market, sales would
Some mortgage rates backslide to 6.25% (Pacific Business News) Hawaii home prices have stopped soaring, and this week even mortgage rates paused for retrenching after recent rises.read more...
Bank of America boss rolls the dice on Countrywide deal Troubled mortgage lender Countrywide Financial will be ... (Tacoma News Tribune) CHARLOTTE, N.C. ? In a career defined by blockbuster deals, Bank of America Chief Executive Ken Lewis took his biggest gamble yet Friday with an attempt to rescue the country?s
Increased Costs Hamper Nonprofit Housing Groups Rising costs of construction are affecting the ability of charitable groups to build low-cost housing.via
Report: Mortgage fraud on the rise (Sacramento Business Journal) Homebuyers, sellers, brokers and lending institutions are all at risk of losing "substantial amounts of money" to mortgage fraud, according to CoreLogic, a Rancho Cordova data company.read more...
Telstra buys China's SouFun Australian telecoms giant Telstra has paid $254m to buy a controlling stake in Chinese website SouFun.com , the company announced today.read more...
FRANKFURT (Thomson Financial) – Germany’s state-owned development bank Kreditanstalt fuer Wiederaufbau (KfW) said there was currently no information to indicate that the fallout from US mortgage losses at its unit IKB Deutsche Industriebank AG should be higher that the 3.5 bln eur it is already expecting.
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