US new home sales plunged in November (Reg Req'd) Sales of new US homes plunged in November by the largest amount in nearly 12 years, providing the most dramatic evidence yet that the red hot housing market over the
Preparing Your Home For a Hurricane While it may be too early to predict the damage costs of Hurricane Katrina, it's never too soon to protect your property from storm damage. Here's advice on where to
Mortgage index declines (Detroit Free Press) An index of U.S. mortgage applications fell last week after reaching the second-highest level in more than a year, a private group's survey showed.read more...
Hunger Rising in U.S., Food Charity Reports read more...
Mortgage woes hit Severn Bancorp earnings (BizJournals) Third-quarter earnings at Severn Bancorp Inc. fell by 40 percent as the slowdown in mortgage lending hit home for the bank. (SVBI)read more...
Mortgage lender?s warning: Brace yourself (Kansas City Star) Angelo R. Mozilo, CEO of Countrywide Financial Corp., the nation?s biggest home-mortgage lender, rarely misses a chance to remind people he?s been in the business more than 50 years.read more...
HONG KONG (Reuters) – HSBC Holdings , Europe’s biggest bank, said on Monday it has not participated in talks with big U.S. banks forming an US$80 billion (39 billion pound) fund to buy ailing mortgage securities and other assets, and added there are no plans for a similar fund in Europe.
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