Types Of Bankruptcy

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

October 16th, 2007

Forecast shows mortgage originations expected to plunge 18 percent next year

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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