Lehman scales back mortgage business (AP via Yahoo! News)
Lehman Brothers Holdings Inc. said Thursday it is laying off 850 people as part of a global scale down of the investment bank’s mortgage business.
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Buyers back off as mortgage rates climb (Detroit News) A measure of U.S. mortgage applications fell last week as higher borrowing costs deterred homebuyers and made refinancing less attractive.read more...
Falling Demand for Homes, Newspapers Drag Down Wood and Paper Makers "U.S. regulators are expected to require mill closures in order to let the merger go through" The double blow of slowing home construction and falling newsprint demand is hitting
S&P mulls $500B in mortgage downgrades (AP via Yahoo! News) Standard & Poor's Ratings Services is considering slashing its rating on more than $500 billion of investments tied to bad mortgage loans, the ratings agency said Wednesday.read more...
30-year mortgage rates steady for third week in a row (Chicago Sun-Times) Rates on 30-year mortgages remained at the same level for a third week while rates on other types of home loans posted small declines, mortgage company Freddie Mac reported Thursday.
Snowflake Shuffle benefits Turning Point The "Snowflake Shuffle," an informal dance sponsored by the agents and staff of Real Estate Showcase as a fund-raising event, was held this month at Sawyer Ludwig Park.Commentread more...
How to enhance your home's curb appeal It's May, which means it's officially the start of moving season. Moving companies - or relocation services, as they now call themselves - are always busiest during the summer season,