Jobless claims rise, but market for jobs improves The number of people signing up for initial jobless benefits rose last week, mostly reflecting layoffs linked to temporary shutdowns at auto plants as well as school closings, the Labor
SA's buying spree has caused 0,5% interest rate hike TONNY MAFU and ETHEL HAZELHURST Consumers have been on a "buying spree", Reserve Bank governor Tito Mboweni said in Pretoria yesterday when he announced a half percentage point rise in
Home prices in Mass. fall BOSTON The slump in Massachusetts home sales has yielded a small price drop after a 13-year run of increases a decline that an economist predicts will extend into the middle
Mortgage fraud on upswing (The Times of Northwest Indiana) A mystery man takes out hundreds of thousands of dollars in mortgage loans from area banks, but when he misses payments and the banks foreclose, he's nowhere to be found.
30-Year Mortgage Rate Rises to 6.31% (Los Angeles Times) Mortgage giant Freddie Mac said the nationwide average for 30-year, fixed-rate mortgages rose this week to 6.31%, up from 6.15% last week.read more...
Mortgage preapprovals not worth the paper Brokers complain the information isn't verified, and is often inaccurate.read more...
House Financial Services Committee Chairman Barney Frank, D-Mass., said Tuesday he hopes to pass a bill out of his panel by the end of next month that would address mortgage lending practices.
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