AdBank hikes wholesale mortgage rate (AAP via Yahoo!Xtra News)
Adelaide Bank, which was acquired by Bendigo Bank, has increased the cost of wholesale funds it supplies to mortgage brokers and originators by 40 basis points.
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Remodeling begins to dry up The Triangle's $180-million-per-year remodeling industry has finally slowed. The upshot for homeowners? It's easier to find a contractor.read more...
Mortgage Applications Fall in Spite of Lower Rates (Fox News) The Mortgage Bankers Association said that mortgage applications fell last week.read more...
Mortgage penalty can be deducted Q: In 2003 my husband and I replaced our home mortgage loan to get a better interest rate.read more...
RESPA Reform Timetable Remains Uncertain HUD has opened negotiations with the Office of Management and Budget over changes to the Real Estate Settlement Procedures Act that could signal approval of the long-awaited legislation, says FHA
Citigroup to Shed Nearly $500 Bil. in Assets NEW YORK | Citigroup Inc.'s new chief executive, Vikram Pandit, plans to stick with a global banking model after months of intense review - but only after shrinking the company
Private mortgage insurance regains popularity (Orange County Register) Private mortgage insurance is making a comeback. Until six or eight months ago, private mortgage insurance was out of favor as people eager to get into the roaring housing market