Mortgage applications rise (Philly.com)
Mortgage applications rose 28.4 percent last week from the previous week, the Mortgage Bankers Association reported today as the 30-year fixed interest rate remained well below 6 percent.
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Former Fairfield lawyer gets 5-year prison sentence NEW HAVEN, Conn. -- A former Fairfield lawyer was sentenced to five years in prison Monday for a scheme to defraud a bank in connection with residential real estate loans,
Deal to Buy Mortgage Company Collapses (NYTimes.com via Yahoo! Finance) In a sign of continuing mortgage industry woes, PHH, one of the largest originators of residential home loans, said it is scrapping a planned $1.8 billion sale. .read more...
Toll Brothers' Website to Broadcast Its August 8, 2007 'Third Quarter ... Toll Brothers, Inc. , the nation's leading builder of luxury homes, will broadcast live on its website, www.tollbrothers.com , a conference call to discuss its preliminary results and outlook
Pitfalls of co-signing on a real estate loan Credit of do-gooder uncle at risk DEAR BOB: About five years ago, I co-signed a home mortgage for my niece so she could buy a condominium.read more...
Lehman Brothers Net Gains 12 Percent as Fuld Keeps Up Fixed-Income Trading Lehman Brothers Holdings Inc., the first Wall Street firm to report second-quarter earnings, said profit rose 12 percent as interest rates near 40-year lows spurred fixed-income trading.via
Plans to lift UK mortgage lending (BBC News) Mortgage lenders draw up a plan to help kick-start the mortgage market as the credit squeeze continues.read more...