Brokers warn of further rises in mortgage rates (Financial Times)
Mortgage rates are expected to rise again in coming weeks, in spite of the Bank of England?s unprecedented intervention to ease liquidity in the banking system.
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Bid to stop home repossessions 'destroying lives' Publisher: Jon Land Published: 10/05/2006 - 13:44:31 PM Send to a friend George Mudie MP Rising numbers of home repossessions are "needlessly destroying people's lives", the Commons was told today.read
Five Houses Vie to Become Most Expensive Home Sale A group of homeowners is trying to break the $103 million record for the priciest residence sold in U.S. history. read more...
GMAC Sells 60 Pct. Stake in Mortgage Unit (San Francisco Chronicle) General Motors Acceptance Corp., the financial services unit of General Motors Corp., said Wednesday it agreed to sell a 60 percent stake in its commercial mortgage subsidiary to a private
Televisions That Turn On When the Guests Arrive Party planners are using flat-panel TVs as ambient decor in homes.read more...
Late payments on subprime loans soar Late payments on subprime loans have surged, the Wall Street Journal reported on its Web site on Tuesday, and while economists don't expect major harm, a continued rise could hurt
Wachovia mortgage program stirs concerns (The News & Observer) The Charlotte-based bank has been rolling out these nontraditional loans at branches and mortgage offices around the country.read more...