Home Building Rises Slightly, But Weakness Lingers
The sluggish pace of home building in October offered little solace to those looking for signs that the nation’s housing bust has bottomed out.
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Mortgage exit ruling may mean £100m bill for lenders (The Herald) Banks and other mortgage lenders could face a compensation bill of £100m to past and present mortgage customers in the latest flexing of muscles by the Financial Services Authority.read more...
NATION'S HOUSING: The mortgage deduction -- untouchable? (The Charlotte Observer) Is there really any chance that Congress could take away mortgage interest and state and local property and income tax deductions from homeowners?read more...
Wachovia quits offering risky mortgage loan (AP via Yahoo! News) Beleaguered consumer bank Wachovia Corp. will quit offering a mortgage payment option that allows borrowers to pay less each month than the bank charges in interest.read more...
Countrywide's Loans Drop 40 Percent In 1 Year Hit hard by the sub-prime mortgage crisis that has battered the housing market, Calabasas-based Countrywide Financial Corp. reported Thursday that its mortgage loan funding fell 40 percent last month
Academy building careers Doug Jerke teaches young carpenters at Southeast Technical Institute how to build a shed.via
Mortgage Meltdowns Continue (Washington Post) Bad news continues to roll out from the mortgage industry as major players in the financial industry and government officials attempt to salvage what remains and prevent homeowners nationwide from
November 25th, 2007
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