Furniture Takes the Inches Off
There’s a new factor driving a desire for less-bulky home décor: Homeowners whose plans to trade up are on hold because of the chill in mortgage lending and the housing market.
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Genworth Has Loss on Mortgage Insurance, Investments (Update1) (Bloomberg.com) July 29 (Bloomberg) -- Genworth Financial Inc. , the insurer whose market value has been halved in the past year, had its first quarterly loss since going public in 2004,
U.K. Mortgage Rescue Would Create `Risks,' Crosby Tells Darling (Bloomberg.com) July 29 (Bloomberg) -- The British government may take on a financial burden and encourage banks to resume risky lending if it guarantees mortgage-backed securities, a report for Chancellor of
Sales of New Homes Jump 13% in October Sales of new homes unexpectedly catapulted 13 percent last month over September's rate, a monthly increase not seen in a dozen years, according to a government report released yesterday.
More banks forecasting losses from mortgage woes (Houston Chronicle) Wachovia Corp., the fourth-biggest U.S. bank, said mortgage-related losses and reserves for bad loans may total $1.7 billion this quarter. Bank of America Corp. and JPMorgan Chase & Co. said
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...
News A 3bn homes forecast for North's cities Leeds predicted to lead population growth Lizzie Murphy UP TO A 3bn will be invested in city homes in the north of England