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Lehman, other mortgage lenders slash jobs (USA Today)  Lehman Bros. (LEH) joined several mortgage lenders Wednesday in cutting losses. It said it is shutting down subprime mortgage unit BNC Mortgage, affecting 1,200 employees in 23 cities.read more...


Downsizing to high-rise condo  "This project is going to set the standard at the high end when it's completed: for quality, attention to detail and location. The project has it all in terms of


Mortgage Mess: Michigan and Ohio rank No. 1 and 2 on list of states with largest credit losses (Winston-Salem Journal)  Michigan and Ohio share something with Florida and California - some of the nation's highest rates of foreclosed homes and delinquent mortgages. The reasons for their woes are as different


Broker Converts Her Business Into a Flat-Fee Franchise  Real-estate professional Donna Chance talks about how and why she became an Assist-to-Sell franchisee. She now works for a flat fee instead of a traditional 6% commission.read more...


Mortgage broker faces fraud charges (Sydney Morning Herald)  A former Melbourne mortgage broker has appeared in court on a raft of fraud charges following an investigation by the corporate watchdog. -read more...


30-year mortgage rates rise slightly (The Capital)  WASHINGTON, D.C. - Rates on 30-year mortgages edged up last week, while rates on other home loans were a mixed bag. Freddie Mac, the mortgage company, reported Thursday that 30-year

June 14th, 2005

Home buyers benefit from 14 month low mortgage rates

Home buyers benefit from 14 month low mortgage rates Michael Moely June 14, 2005 Indianapolis—Mortgage rates near 5.65 percent offer more value for home buyers.

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