Ask the right questions to find a good contractor When it comes to home improvement, one of the most crucial decisions is choosing a contractor.read more...
Bankrate: Mortgage Rates Drop Lower (PR Newswire via Yahoo! Finance) Fixed mortgage rates declined for the second consecutive week. The average 30-year fixed rate mortgage decreased from 5.88 percent to 5.86 percent, according to Bankrate.com's weekly national survey of
Transparent real estate loan costs could be wave of future Part 3: Understanding lead generation Mortgage leads are packets of information about consumers who loan providers hope to convert into borrowers.read more...
Banks warn Brown of mortgage market logjam (Financial Times) Dozens of smaller mortgage lenders will be forced out of the market unless the UK government intervenes, Gordon Brown was warned on Tuesday, as bankers issued an urgent plea for
Fitch Rates CSMC's Mortgage P-T Certificates, Series 2006-1 (Business Wire via Yahoo! Finance) NEW YORK----Feb. 1, 2006--Credit Suisse Mortgage Securities Corp.'s mortgage pass-through certificates, series 2006-1, are rated as follows by Fitch Ratings: $835.6 million classes 1-A-1 through 1-A-7, 2-A-1 through 2-A-2,
Forecast: Mortgage Originations Dropping (AP via Yahoo! Finance) Higher interest rates and a slowing economy are expected to reduce mortgage originations in 2007, the Mortgage Bankers Association of America said Monday.read more...
“Taking into consideration strong net inflows and stable margins, the segment is poised for future growth as markets go back to normal.”
German insurer Allianz SE said Friday first-quarter net profit fell 65 percent due to difficult market conditions as it wrote down $1.3 billion tied to the U.S. subprime crisis.
Allianz, which also owns Dresdner Bank, said net profit for the January through March period came in at 1.1 billion euros ($1.69 billion) compared with 3.2 billion euros in the same quarter a year ago.
The news sent Allianz shares down nearly 2 percent to 128.48 euros ($197.18) in Frankfurt morning trading.
Allianz said it marked down 845 million euros ($1.3 billion) at its banking business as a result of its asset-backed securities, which combines various slices of mortgage-backed securities. The market for subprime mortgages, those made to people with less than stellar credit, began to collapse last summer. Banks have written of billions as a result as they revalue holdings. Read more
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