Mortgage insurer reports big loss (BBC News)
US mortgage insurer MGIC reports a $1.47bn loss, hit by higher payouts to cover increasing bad debt levels.
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Stocks add to losses after housing data Stocks extended losses on Monday as a report showing a decline in existing home sales last month suggested the housing sector remained mired in a downturn. via Earth Times
Fieldstone plans to sell Broad Street to mortgage banking firm (BizJournals) Fieldstone Mortgage Co. agreed to sell to Wausau Mortgage Corp. its Broad Street Mortgage Co. lending division, its San Antonio division headquarters and all wholesale and certain retail offices.read more...
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Feeling a bit burned at the beach Taxes always seem to be the burden of the average guy, but skyrocketing property values in beach communities mean resident elected officials face the same issues.read more...
A home equity line of credit plan of attack As interest rates rise, people with a home equity line of credit wonder what to do: Keep it, and risk more rate hikes, or pay it off by refinancing.read more...
Home sellers offer more buyer incentives Today's buyer wants money-in-pocket value, not frills. If your home is competing with nearby new construction, be prepared to offer the same or equivalent incentives as the builder.read more...