Colorado cracks down on mortgage brokers (Denver Post) The Colorado Division of Real Estate issued its first formal actions against mortgage brokers accused of violating the state's lending laws. read more...
Mortgage approvals begin to cool (ITV.com) Plummeting mortgage approvals in March indicate that higher interest rates are beginning to cool the housing market. Figures released by the Bank of England show 113,000 mortgages were taken out
Allowing room to experiment NORTH MANCHESTER - The $17million formula for Manchester College's new Science Center depends on its simplest elements.read more...
Mortgage default notices are rising (The Sacramento Bee) In a fresh indicator of troubles for overstretched homeowners, an increasing number of Sacramento-area residents are behind in their mortgage payments, putting them on a track to foreclosure.read more...
Cleanliness is everything when selling your home (Reg Req'd) Cleanliness is everything when selling your home Your house will sell faster and for a better price if it's in tip-top condition.via
Credit Agencies had conflicts of interest, says SEC The three main credit-rating agencies failed to rein in conflicts of interest in giving high ratings to risky securities backed by subprime mortgages that later collapsed, federal regulators said Tuesday.read
“Noteholders, including various hedge funds and other opportunistic investors, have purchased Beazer’s bonds at depressed prices in the market and are now improperly seeking to secure a windfall by demanding repayment in full.”
Like a thumb caught between a nail and a hammer, Beazer Homes is feeling a lot of pain these days. via The Motley Fool
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