Economy Mauls Malls
It Comes Down to Communication via
Sources: Treasury is close on mortgage-freeze plan (USA Today) The U.S. Treasury Department is close to announcing a plan it is brokering with mortgage industry leaders to hold interest payments down for many subprime borrowers facing foreclosure.read more...
Lowe's Profit Rises 20 Percent, Led by Air Conditioners, Outdoor Furniture Lowe's Cos., the world's No. 2 home- improvement retailer, said second-quarter profit rose 20 percent, topping analysts' estimates, helped by kitchen installations and new stores.read more...
Caixa Economica Seeks Eased Mortgage Bond Rules (Update1) (Bloomberg.com) March 11 (Bloomberg) -- Caixa Economica Federal, Brazil's largest lender for housing, wants the government to allow mortgage-backed debt to be accounted for along with residential loans in a government
The outlook is mixed Fuelled by soaring commodity prices, stock markets in Canada surged again in 2005.read more...
Mortgage situation likely to get worse (The Buffalo News) WASHINGTON -- The crisis at Fannie Mae and Freddie Mac, once the unwavering giants of the mortgage finance industry, could make getting a home loan even more difficult and more