Sales Of New Houses Plummet
New-home sales in November fell 9 percent from the previous month and were down 34 percent from a year earlier, more dismal figures for an industry facing bloated inventory, declining prices and mortgage woes.
read more…
Countrywide deal could give modest boost to mortgage industry (The Pantagraph) WASHINGTON, D.C. -- Bank of Americaâ?™s $4.1 billion rescue of Countrywide Financial could help stem economic turmoil by giving global investors more confidence in the battered U.S. mortgage industry.read more...
At Kissimmee Luncheon, District 41 GOP Candidates Seem to Agree on Everything read more...
Put a Lid on Rising Mortgage Payments (Harrisburg Daily Register) (ARA) - Do you have a balloon mortgage that is coming due or an adjustable rate mortgage payment that has been steadily creeping up as interest rates change?read more...
The Housing Market Cools In Providence Though sought-after for its proximity to Boston, the city has seen slower home sales in recent months.read more...
Fitch Rates $340MM RAMP Mortgage Asset-Backed P-T Ctfs, Series 2005-RZ3 (Business Wire via Yahoo! Finance) Residential Asset Mortgage Products, Inc. series 2005-RZ3 is rated as follows by Fitch:read more...
Mortgage rates head lower Rates on 30-year mortgages declined for a second straight week as low mortgages continued to fuel the country's housing boom.read more...