Mortgage rates near 2006 low Mortgage rates fell for the sixth week in a row, to nearly the lowest level of the year, as a slowing housing market helped keep rates down, a survey said
EMC Mortgage chief to retire (bizjournals.com via Yahoo! Finance) EMC Mortgage Corp. Chairman and CEO Ralene Ruyle is retiring from the company in May.read more...
Fighting Appraisal Fraud As the San Diego real estate market cools off and home prices start to fall, local real estate appraisers say they are coming under intensifying pressure from mortgage brokers to
Paying $1-Million for Homes the Norm? Million-dollar homes were once a sign of real affluence. Now, at least in California, they are getting to be a dime a dozen.read more...
Property slump 'may hit spending' A slowdown in house sales could trigger a drop in High Street spending, a Bank of England report has warned.via
Fannie Mae Announces Mortgage Relief for Hurricane Rita Victims Fannie Mae announced that it will extend the same mortgage relief provisions in place for borrowers facing hardship as a result of Hurricane Katrina to those in areas impacted by
Dec. 27 (Bloomberg)—U.K. mortgage approvals dropped 44 percent in the year through November as house hunters put off purchases on concern that home values have further to fall, a British Bankers’ Association report showed.
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