Mortgage lender Halifax snubs Gordon Brown's plea (Daily Mirror) Britain's biggest mortgage lender stuck two fingers up at Gordon Brown yesterday, raising mortgage rates just hours after he urged banks to help hard-hit homebuyers.
Even average homeowners feel rising mortgage floodwaters (Market Watch) BOSTON (MarketWatch) -- While the headlines have been full of stories on the credit crunch, subprime mortgage mess and the real estate bubble, a lot of ordinary homeowners have figured
U.S. home loan refinancing surges U.S. mortgage applications jumped last week as borrowers emerged in droves to refinance their existing home loans as interest rates fell to their lowest since early December, an industry trade
Low-Rate Mortgage Loans - E-LOAN (Boxing.net) Lock-in low mortgage rates for new home purchases or refinancing in all 50 states. Get approval in minutes. No hidden lender fees. Apply now. Mortgage loans for homeowners with bad
Senators' Attitude on Housing Relief: What's the Rush? Thousands of Americans may be losing their homes to foreclosure or facing hefty mortgage-payment resets, but the Senate appears to be in no rush to help. read more...
Mortgage rates are increasing (The Advocate) To the surprise of many, interest rates have increased in the United States in recent weeks, and it appears they are there to stay for a while. Questions are coming
“They have a lot of debt that they need to service and in order to service that debt they need to have some cash coming in the door.”
As economic reports continue to show a struggling housing market, earnings figures from another luxury homebuilder Thursday did nothing to contradict them. Hovnanian Enterprises Inc. reported another loss in the third quarter, citing continuing problems of credit availability and high inventory.
Four consecutive quarterly losses, a 35 percent cancellation rate, fewer sales and contracts.
The company also said it would slash prices on homes across the country beginning late next week to try to sell off excess inventory. Read more
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