Poll Results on Real Estate Attitudes The Associated Press-AOL Real Estate poll on public attitudes about shopping for homes was conducted Sept.Commentread more...
Mortgage arrears down slightly (Stuff) Arrears on home loans funded by residential mortgage-backed securities fell slightly in June to 1.86 per cent, from 1.89 per cent in May, according to Standard and Poor's Rating Services.read
Lending bill could drive up rates, increase foreclosures Senate Bill 185 may be known as the Homebuyer's Protection Act, but if the current version becomes law, we will need protection.read more...
BMO Bank of Montreal Changes Mortgage Rates (CNW Group via Yahoo! Finance) BMO Bank of Montreal today announced it is changing its variable mortgage rates effective May 25, 2006.read more...
UK mortgage lending rises in June (BBC News) Mortgage lending rose in June as housing market confidence returns, the Council of Mortgage Lenders say.read more...
Attorney Gen. Madigan Sues Mortgage Rescue Firms (CBS 2 Chicago) Illinois Attorney General Lisa Madigan is warning struggling homeowners about mortgage rescue companies. Madigan on Tuesday announced that she's filed seven new lawsuits against businesses she says offered false hope
“The market is divided over the potential impact the U.S. subprime crisis may have on China’s economy, and Hong Kong’s weak performance gave some jittery investors the final push to sell”
Asian stock markets plunged Wednesday on growing speculation the U.S. economy a vital export market is sliding into a recession that could lead to a global slowdown.
Investors dumped stocks after an overnight sell-off in U.S. markets and on news that Citigroup Inc. had lost nearly $10 billion in the fourth quarter as it wrote down bad mortgage assets. Weak U.S. retail sales figures also added to the gloom, sending the Dow Jones industrial average down 277 points, or 2.2 percent.
‘The moves on Wall Street signal fears that the U.S. is going into recession,’ said Rommel Macapagal, chairman of Westlink Global Equities in Manila, Philippines, where the market sank 2.7 percent. Read more
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