Loans make homes ATMs (Reg Req'd) Soaring housing values and low interest rates have spurred homeowners to draw cash in record amounts from the equity in their homes.read more...
M&F hotel on shaky ground A $137.3 million deal to redevelop Meier & Frank Co.s downtown flagship into an updated department store with a hotel on the upper floors may be collapsing.via
BBB warns about scams in summer With warm weather approaching, the Better Business Bureau of New Jersey is warning homeowners to be on the lookout for home-improvement scams.read more...
WP: Will ?mortgage moms? tilt vote? (MSNBC) In a year when politics is being roiled by angry debates over the Iraq war and immigration, it might seem odd to imagine the midterm elections being waged over square
Home building hits low levels Housing construction plunged in October as builders slashed activity to the lowest level in more than six years.Commentread more...
GMAC to cut 5,000 jobs at ResCap mortgage unit (Reuters via Yahoo! News) GMAC LLC, the auto finance and mortgage company, plans to eliminate about 5,000 jobs at its Residential Capital LLC unit and close all 200 GMAC Mortgage retail offices to
The UK’s biggest building society has announced it was increasing some of its mortgage rates for the second time in three months. Nationwide Building Society said it was raising its tracker rates for new borrowers by between 0.05% and 0.15% from January 23.
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