State shuts down Centennial Mortgage (Pioneer Press)
State financial regulators have shut down a large Twin Cities mortgage lender, accusing it broadly of “financial irresponsibility or incompetence.”
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Banks object to Fannie Mae home construction loans (Reg Req'd) Banks object to Fannie Mae home construction loans Plan renews call for tighter regulation A plan by Fannie Mae to make $10 billion worth of home construction loans over the
Future of Levitt and Sons home builder in doubt "I couldn't disagree more. We've got to get prices down to where true users can afford them." The future of historic home builder Levitt and Sons is in doubt
If you're buying a house, thank the French Stocks end modestly lower, but bond yields drop thanks to the French rejection of the European Union constitution.via
Citigroup Feels Heat To Modify Mortgages The lender is under pressure to offer struggling homeowners more favorable terms on their loans -- even borrowers whose finances seem hopeless. read more...
Chat Plus Real estate editor Maryann Haggerty and columnist Elizabeth Razzi respond to a question adapted from a recent online chat. read more...
Calif. Housing Market Sets New Records Demand for California houses and condos surged in June, driving sales volume and prices to record highs even as the annual rate of home appreciation declined in some areas, a