US mortgage firm sees $1.2bn loss (BBC News)
US mortgage giant Countrywide Financial sees more than $1bn in quarterly losses – but improved forecasts send shares surging.
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Turning wine into mortgage payments (The Scotsman: Business) HOMEOWNERS can use fine wine to repay their mortgage, following the launch of a new investment product.read more...
Deutsche Bank buys stake in Mexican mortgage provider (Banking Business Review) Deutsche Bank has completed its acquisition of a 49% interest in Fincasa Hipotecaria, a Mexican mortgage originator active in the low income social housing market in Mexico, from Ixe Grupo
Rates on 30-year mortgages dip again (Reg Req'd) Rates on 30-year mortgages dipped for a second week as financial markets responded to signals of lower inflation.read more...
Norwegian breaks into apartment, rents it An enterprising if unscrupulous Norwegian found a way to turn a tidy profit on Oslo real estate by renting out a nice apartment in a popular part of town.via
PAY OFF MORTGAGE, OR NOT (New York Post) Dear John: I read a recent column of yours and was surprised by something: You have paid off your mortgage!? Doesn't that go against everything most financial planners believe in?
Condos, townhouses moving into suburbs Amid growing signs that the appetite for family homes in the suburbs has peaked, a clash may be looming over how the Metropolitan Council will spend billions of public dollars