Mortgage-backed funds need to change their ways (Sydney Morning Herald) THE Australian Property Institute has told regulators that increased disclosure and transparency in the mortgage-backed funds market is imperative to avoid any more collapses such as Westpoint. -read more...
California Existing Home Sales Fall 17% The California realtors have this on Decembers' sales. "The median price of an existing home in California in December increased 15.6 percent and sales decreased 17.6 percent compared with the
Mortgage woes cost jobs Wells Fargo, NovaStar Mortgage eliminating positions in Bay Area (Inside Bay Area) Job cuts loom in the East Bay and elsewhere in the Bay Area, as Wells Fargo & Co. and NovaStar Mortgage Inc. cope with mortgage ailments that have afflicted the
Being of sound mind I leave you ... my mortgage payments (Guardian Unlimited) It has been dubbed the "deathbed mortgage". Yesterday a building society began selling a home loan that lasts so long it will be passed from parents to sons and daughters.read
US mortgage interest rate rises this week (New Ratings) NEW YORK, June 17 (newratings.com) US mortgage giant Freddie Mac (FRE.NYS) reported Thursday that the 30-year fixed-rate mortgage rates in the US last week averaged 5.63%, up from 5.56% in
Japanese Stocks May Decline After U.S. Mortgage Defaults Rise (Bloomberg.com) Feb. 13 (Bloomberg) -- Japanese stocks may drop after mortgage defaults in the U.S. increased, prompting speculation that growth may slow in Japan's largest export market. Exporters such as Honda
Mortgage lenders today issued their most dire warning on the market so far saying that the amount available to borrow will halve and rates will rise sharply without more help from the Bank of England.
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