When defeat is really a show of strength MERVYN KING has said that he wants to eliminate the element of surprise from interest rate decisions by his Monetary Policy Committee.read more...
Home Sales Decline in 28 States, D.C. WASHINGTON -- The slowdown in the once-sizzling housing market is spreading, with 28 states and the District of Columbia reporting spring sales declines, led by big drops in former
Can mortgage broker protect against lender overcharges? Borrowers should be wary of referral fees from third parties Q: If I deal with a mortgage broker, can I depend on the broker to protect me against overcharges by
Housing Starts Dip 7.4 Percent In April Total housing starts dipped 7.4 percent in April to a seasonally adjusted annual rate of 1.849 million units, according to figures released by the Commerce Department today.read more...
Analyst cuts rating on Ambac Financial on mortgage worries (AP via Yahoo! Finance) An analyst cut his rating on bond insurer Ambac Financial Group Inc. Friday after the company said it lost $1.66 billion during the first quarter amid rising mortgage-related losses.read
10 people charged in multi-million dollar mortgage fraud scheme (WREG-TV Memphis) JACKSON, Miss. Ten people face federal charges for their alleged roles in a multimillion dollar mortgage fraud scheme mostly in Madison County.read more...
HORSHAM, PA-The Washington DC-based hospitality industry division of GMAC Commercial Mortgage Corp., arranged $103.2 million in fixed-rate refinancing for a four-property hotel portfolio from GMACCM, which is …
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