Pending Home Sales Rise in June "It is too early to say if home sales have already passed bottom" Pending sales of existing homes rose by 5 percent in June compared with the previous month,
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Dow Plunges 166 Points as Oil Prices Briefly Hit $60 The Dow Jones industrial average took its worst hit in two months after crude oil topped $60 a barrel today, renewing worries that record energy costs will crimp economic growth.via
Mortgage turmoil hits U.S. bank jobs (Toronto Star) NEW YORK ? Bear Stearns Cos., the nation's fifth-largest investment bank, on Wednesday said it will cut 4 percent of its staff in further fallout from the summer's mortgage turmoil.read
U.S. mortgage rates move little in wake of Fed hike (Market Watch) CHICAGO (MarketWatch) -- Mortgage rates barely budged in the week ending Thursday, even after the Federal Reserve increased interest rates for a 16th straight time.read more...
Wholesale Lending Online Opens New Mortgage Center in Sacramento (Builder Online) Wholesale Lending Online, a leading national wholesale mortgage lender, has opened a new mortgage banking center in Sacramento, California.read more...
The Federal Trade Commission has warned more than 200 companies about “potentially deceptive” mortgage advertisements that could give borrowers a false impression of the cost of home loans.
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