Home affordability plummets HOME affordability for first-time home buyers has plummeted, forced down by higher interest rates and resilient house prices, a survey has found.read more...
Agency offers low mortgage rates to qualified consumers (The Salt Lake Tribune) Posted: 9:48 AM- The Utah Housing Corporation is offering $35 million in mortgage funds at 6.04 percent (0.5 percent below the market interest rate) to help an estimated
Mortgage rates stuck in neutral (Bankrate.com) The big economic story continues to be the effects of Hurricane Katrina. Its impact on mortgage rates and real estate will be contradictory and sometimes surprising.read more...
Pier 1 looks to its past in bid to reshape itself "Our goal for the holidays and beyond is to offer the customer something unique at a great value." Pier 1 Imports will test a bunch of new merchandise --
London resilient in overcoming attacks Offices and train stations in London's financial district faced disruption from bomb scares on Friday as bank workers made a determined return to work after the bomb attacks which killed
FACTBOX - Key facts on U.S. Treasury's proposed mortgage fund (Reuters via Yahoo! UK & Ireland News) (Reuters) - The Bush administration is proposing sweeping authority for the U.S. Treasury to buy up to $700 billion of mortgage assets, in a bid to end financial carnage on
Countrywide Financial Corp., the nation’s largest mortgage lender, said Friday that it swung to a loss of more than $1 billion in the third quarter. Mortgage market woes forced it to set aside millions in loan-loss provisions and writedowns, and the lender originated fewer loans. It was the first quarterly loss for the Calabasas, Calif.-based lender in 25 years.
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