Dallas-FW housing sales fall 5% The Dallas-Fort Worth housing market ended 2006 with another month of declines. Sales in December were down 5 percent from a year earlier, and prices were 2 percent lower, according
Steep fall in mortgage lending (Financial Times) Lenders' struggles to raise funds and the growing gloom over house prices drove gross mortgage lending to its lowest level since May 2005 last month, figures from the Council for
Money Makeover (Reg Req'd) "I think I'm pretty good at managing things. I just need more income to manage." Cindy Bishop Cindy Bishop worried about some looming big financial problems not long ago.read more...
Market forecast From Monday's Globe and Mail Economists expect a shift in global bond and currency markets in 2006 as interest rates around the world begin to converge.read more...
Fannie Mae mounts partial comeback after taking big hit Shares of Fannie Mae staged a partial comeback Thursday after sustaining a major hit in the previous session following a report saying investigators have found more accounting violations at the
Mortgage Lenders Network Says It Remains In Business (Nasdaq) NEW YORK -(Dow Jones)- Mortgage Lenders Network USA Inc., a major issuer of loans to people with weak credit profiles or who lack the documentation required to secure traditional mortgages,
“Given the continued dislocation in the mortgage markets, we have restructured our residential mortgage business to ensure we are appropriately positioned for the environment going forward”
Morgan Stanley on Wednesday said it will cut 1,000 jobs as the nation’s second-largest investment bank trims its residential mortgage operations amid the continued deterioration of the mortgage markets.The New … via ABC 33/40
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