Housing Construction Falls for 2nd Month Construction of new homes slipped for a second month in August, providing fresh evidence that the nation's housing boom may be cooling.read more...
Indebted households Statistics released by the Bank of Greece on bank loans to businesses and consumers reflect the twofold problem that plagues the Greek economy.read more...
Mortgage insurer MGIC to buy Radian for $5 bln (Reuters via Yahoo! News) Mortgage insurer MGIC Investment plans to buy rival Radian Group Inc. for about $5 billion, the companies said on Tuesday, a move that will allow them to cut costs.read
Chinese firm seeking Unocal hints at concessions to U.S. Trying to allay U.S. national security worries about its bid for Unocal Corp., Chinese state-owned oil company CNOOC Ltd.via
A trendy mortgage falls from favor (The Arizona Republic) The cheap mortgage that helped pump up the housing boom is finally in retreat. Demand for so-called option adjustable-rate mortgages has dropped 25 percent in recent months, according to estimates
'Timing' market big gamble for first-time buyers It's a real estate buyers market in most areas of the country but many would-be purchasers -- especially first-timers -- may be outsmarting themselves by waiting for prices to fall
The streets are empty. Trash rustles down the road past rusted barbecues, abandoned furniture, sagging homes and gardens turned to weed. This is Mount Pleasant, a neighborhood in southeastern Cleveland ravaged by the subprime mortgage crisis roiling the United States.
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