Mortgage application volume rises (MSNBC)
Mortgage application volume increased 3 percent during the week ending Feb. 1, according to the trade group Mortgage Bankers Association’s weekly application survey.
read more…
Wells Fargo to consider options for mortgage growth (East Bay Business Times) Wells Fargo Home Mortgage is looking to less creditworthy borrowers and other niches to boost lending amid an industry slowdown.read more...
Kenya: The Hidden Risks in Mortgage Financing (AllAfrica.com) Nine years ago, Imran Khardivoala took a Sh3.5 million mortgage with a local bank and purchased a house in Kilimani, Nairobi.read more...
House Prices Set For a Big Leap House prices look likely to increase at more than three times the rate previously predicted this year, an industry body has claimed.read more...
Setting a place for dogs All dogs may go to heaven, but my golden retriever, Tucker, could just as happily spend eternity at the Other Place.read more...
High-risk borrowers risk default / Housing market braces for possible blow from rise in subprime mortgage foreclosures (San Francisco Chronicle) As home prices in the Bay Area stagnate and sales volume plunges, the next blow to the region's housing market could come from defaults among high-risk borrowers, some experts say.
Countrywide's Mozilo sees 'break-out year' for mortgage industry in 2008 Countrywide Financial Corp. CEO Angelo Mozilo outlined his expectations for the mortgage market over the next few years during an Oct.Commentread more...