Royal Bank Sells U.S. Mortgage Unit to New Century (Update5) (Bloomberg.com) May 27 (Bloomberg) -- Royal Bank of Canada, the country's biggest lender by assets, agreed to sell its unprofitable U.S. mortgage unit to New Century Financial Corp. for as much
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Mount Vernon's Saratoga building to pull out of Mitchell-Lama program The developers of the Saratoga high-rise complex are pulling the 288-unit building from the state Mitchell-Lama Housing program, leaving tenants concerned that higher rents are on their way.Commentread more...
Second thoughts about second homes Edward Laginess enjoys sipping his midmorning coffee on an expansive veranda overlooking mountains near Palm Springs, Calif., and living the life that myths are made of.Commentread more...
US Dollar Mixed Against Majors Ahead Of US MBA Mortgage Applications Data (Nasdaq) (RTTNews) - Ahead of the release of US MBA mortgage applications data for the month of November, the greenback showed mixed trading. The US dollar gained against the franc but
Splitting the Cost of a Home When You Can't Go It Alone Young singles and couples often lack the finances to buy a place of their own. But shouldering costs through co-ownership -- with friends, family or investors -- may be an
“Furthermore, with interest rates on the way down and the continued issue of undersupply of housing in the UK market, the underlying fundamentals are perhaps more positive than the recent swings in sentiment might suggest”
House prices fell by 0.8% in November, the UK’s biggest building society said today, the largest monthly fall it has reported in more than 12 years. via Surrey Hants Star
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