Demand for New Houses Softens in Several Markets Some home builders say they are seeing less buyer interest in a number of U.S. locations, coming on the heels of a sharp drop-off reported by luxury-home builder Toll Brothers.read
Stocks Downed by Housing Data Stocks finished lower Wednesday as a soft report on existing-home sales raised concerns that the economy might be more in danger of being derailed by a slowdown than by inflation.read
Sterling gets a lift The pound got a mild boost from forecast-beating consumer credit and mortgage approval data for March.via
'Slowest year' in a decade drains mortgage jobs (BizJournals) Fueled by Massachusetts' red-hot real estate market and the prospect of earning six- to seven-figure salaries, hundreds of workers have poured into the state's home loan industry since 2001. It
Mortgage payback will be $325 million (Kansas City Star) Thousands of Missouri and Kansas borrowers could receive refunds from Ameriquest Mortgage Co. following a $325 million settlement of predatory lending allegations.read more...
Investigators: Mortgage scheme traps buyers (KING 5 Seattle) The KING 5 Investigators have tracked down a mortgage broker using the lure of profit margins and rising values to line his pockets, while leaving clients broke and in foreclosure.read
The nation’s $2 trillion-plus home mortgage business won’t halt its slide anytime soon, with mortgage originations expected to fall 18 percent next year and another 6 percent in 2009, the Mortgage Bankers … via Austin American Statesman
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