Mortgage fallout may hit first-time buyers (Orlando Sentinel)
It’s a lot tougher for first-time home buyers to secure a mortgage these days.
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Why don't high rates sink real estate market? Rising interest rates are supposed to be an economic sedative, but the hyperactive real estate market has retained its vigor even as the prime lending rate has climbed to a
Mortgage holders to be spared rate rise (Sydney Morning Herald) Mortgage holders will be spared an interest rate rise on Wednesday with the Reserve Bank gearing up to leave rates on hold for the rest of the year. -read more...
GE Plans To Shop Its WMC Subprime Mortgage Unit (Seeking Alpha via Yahoo! Finance) Reuters reports General Electric plans to sell its subprime mortgage unit, WMC Mortgage, essentially taking the mega cap conglomerate out of the U.S. mortgage business. WMC President and CEO,
Use reverse mortgage as a last resort, experts say (Arizona Daily Star) Q What is a reverse mortgage?read more...
Bank Of Queensland MD Takes Aim At Mortgage Brokers (Asia Pulse via Yahoo! Australia & NZ News) Bank of Queensland Ltd (ASX:BOQ) managing director David Liddy is calling for a shakeout of the mortgage broking industry.via
Stocks up, oil prices fall after Gulf of Mexico refineries miss Dennis' worst Equity markets gained ground Monday as higher materials stocks counterbalanced declining energy shares on the Toronto Stock Exchange.via