When smaller means more "How comfortably, how sensibly a home lives has percolated into the consciousness." Two vastly different worlds are converging in home building today. One is expressed in mega-square footage with
Mortgage approvals fall says BSA (Money Marketing Online) Mortgage approvals have fallen from £4,248m in April 2006 to £3,910m in April 2007. Building society gross advances amounted to £3,772m in April 2007, compared to £3,512m in April 2006.
Inflation Worries Propel Mortgage Rates Higher (Real Estate News) RISMEDIA, Feb. 3 ? Both fixed and adjustable mortgage rates increased for the second consecutive week, with inflation news and the latest Fed interest rate hike the primary culprits.read more...
JPMorgan has $1.5 billion in Q3 mortgage asset losses (Reuters via Yahoo! News) JPMorgan Chase & Co said it has racked up $1.5 billion of losses so far this quarter on mortgage-linked assets, reflecting deepening turmoil in credit markets.read more...
IndyMac profit plummets on mortgage pain (CNN Money) Like its peers, the Southern California mortgage specialist suffered from credit quality concerns, but quarterly results were better than expected.read more...
(AFX UK Focus) 2008-08-11 07:04 Credit unions hit by mortgage-market problems-WSJ (Interactive Investor) LONDON (Thomson Financial) - Five of North America's largest credit unions are reporting big paper losses on mortgage-related securities, a sign that housing-market distress is spreading even to the most
WASHINGTON ? Six major lenders, worried about the deepening mortgage crisis, said Tuesday they would grant a 30-day freeze on many foreclosures in order to consider delinquent borrowers? pleas for lower monthly payments. Standing with bank representatives, Treasury Secretary Henry Paulson said Project Lifeline is needed because the 2-year-old mortgage mess is still threatening to separate many …
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