Bubble sans trouble Housing prices are soaring in many cities. As a result, the mortgage market has embraced a new paradigm: Anybody is a qualified borrower because the bubble is never going to
High-rate mortgage loans made in every corner of U.S. (Deseret Morning News) As America's mortgage markets began unraveling this year, economists seeking explanations pointed to "subprime" mortgages issued to low-income, minority and urban borrowers.read more...
PMI Canada to enter Canada's mortgage-backed securities market (Investment Executive) PMI Mortgage Insurance Co. Canada has received approval from Canada Mortgage and Housing Corp. to participate in Canada?s mortgage-backed securities market.read more...
Existing-home sales down 4.1% in July The National Association of Realtors reported Aug. 23 that existing-home sales were down in July and that home prices in many areas are "slightly below" year-ago levels.read more...
£2,000 fee the norm for a fixed-rate mortgage (Daily Telegraph) Banks are charging home buyers ever-higher fees for taking out a mortgage, according to research undertaken for The Daily Telegraph.read more...
Mortgage applications set record (Detroit News) Applications filed with mortgage lenders for home purchases rose to a record last week, a sign housing is providing unwavering support for the U.S. economy.via
The government will hold talks with mortgage lenders next week as part of consultations on measures which may be needed to support money markets being battered by the global credit crunch.
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