Mortgage Rates Slip For 4th Week (The Tampa Tribune) WASHINGTON - Rates on 30-year mortgages fell for a fourth consecutive week as a slowing economy eased concerns about inflation. Mortgage giant Freddie Mac says that 30-year, fixed-rate mortgages fell
Home prices continue climb, but sales fall (Reg Req'd) Bay Area house prices continued their rapid climb in April, so that half of the houses and condominiums sold cost more than $586,000, but market activity fell 10 percent from
UK mortgage lending 'at record' (BBC News) Mortgage lending falls by 10% in December, but is still at record levels for the month, figures show.read more...
Unable to Pay Mortgage, Man Raffles Off Pricey Flat (NPR) An unemployed real estate agent in Madrid, Spain, couldn't afford his mortgage payments and couldn't sell his half-a-million-dollar apartment, so he's raffling it off. The proceeds from the 64,000 tickets
US mortgage lender 'won't hurt' Aussie banks (ABC via Yahoo!7 News) Analysts say Australian banks are unlikely to be badly hurt by their exposure to a troubled mortgage lender in the United States.read more...
Federal Agricultural Mortgage, Trico Bancshares and Ambac Financial Group lead small-cap percentage losers (SmallCapInvestor.com via Yahoo! Finance) Federal Agricultural Mortgage Corp. , Trico Bancshares and Ambac Financial Group are among the biggest percentage losers in Monday's trading among companies...read more...
Sept. 4 (Bloomberg)—NovaStar Financial Inc. canceled a rights offering designed to raise cash for the subprime mortgage lender and said its auditor expressed doubt about the company’s survival.
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