Rates, fuel prices hurt mortgage market (Sydney Morning Herald) Higher interest rates and soaring petrol prices are hurting the Australian mortgage market, with new figures showing a decline in monthly sales. -read more...
US mortgage giant Countrywide borrows 11.5 bln dollars (AFP via Yahoo! News) Countrywide Financial Corp., the leading US mortgage lender, said Thursday it borrowed 11.5 billion dollars from 40 banks to boost its stressed finances, sending shock waves through the markets.read
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Beazer says it has received grand jury subpoena in fraud inquiry Beazer Homes USA Inc. has received a grand jury subpoena for documents as part of a federal investigation of possible fraud in the company's mortgage lending practices and other financial
Realtor Group Lowers Forecast, Asks for Interest-Rate Hike Pause Existing home sales are projected to decline 6.8% in 2006 from last year's record, while new home sales also are expected to drop, according to the National Association of Realtors.read
Bank restates no upper limit on mortgage swap plan (Reuters via Yahoo! UK & Ireland News) The Bank of England reiterated on Friday its mortgage swap plan has no upper limit and refused to forecast any final total after media said banks could exchange assets worth
“This is a great opportunity for Gulf Coast residents to convene and discover all they need to know to start building their dream home or to continue rebuilding their homes since Hurricane Katrina”
NEW ORLEANS —The Gulf Coast Home and Garden Expo and Building and Rebuilding Expo begins today at the Morial Convention Center. via WDSU.com
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