Disney's Trash Is Man's Treasure If it's true that one man's trash is another man's treasure, then Brian Ramsey has found a gold mine.read more...
Citigroup Combining Mortgage Operations Into One Unit (NYTimes.com via Yahoo! Finance) Badly bruised by the sharp downturn in the housing market, Citigroup is bringing its mortgage-related activities under one roof.read more...
Market fears push mortgage rates up (Detroit Free Press) WASHINGTON -- Mortgage rates resumed rising this week as financial markets became more convinced the Federal Reserve will boost interest rates again. Freddie Mac, the mortgage company, reported Thursday that
Financials take TSX lower as BMO disappoints, NY down on housing data The Toronto stock market finished negative Tuesday with investors unimpressed with the financial sector as the big banks' quarterly reporting season got off to a rocky start.read more...
Ahead of the Bell: Thornburg Mortgage (AP via Yahoo! Finance) Two more analysts upgraded Thornburg Mortgage Inc. on Thursday, as the home lender appears to have averted the worst of the mortgage crisis.read more...
Mortgage applications up, despite rising rates (USA Today) Mortgage applications rose for the first time in three weeks even as interest rates surged to their highest level since mid-2006, an industry group said Wednesday.read more...
An enormous amount of ink has been spilled on the mortgage market crisis, and I have contributed my share. Yet I am now convinced that the most important factor underlying the crisis has been overlooked, even though it has been in plain view all along.
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