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Low-income home finance reforms due  Ua-arthorn project seriously flawed Kanana Katharangsiporn The National Housing Authority will ask the Finance Ministry to set up a fund to offer mortgage financing for low-income buyers, according to NHA


U.S. Services Sector Soggy, Housing Firm  Growth in the vast U.S. services sector slowed in April, consistent with a soft patch in the economy linked to high energy prices, a report showed on Wednesday.via


Condo Markets in Crisis? Look Out  If ever their was an indicator of the backside of the bubble rearing its head, its the "panic button" added to condoflip.com's website , where the defiant slogan is 'Bubbles


Why mortgage rates are still heading higher (CNN Money)  The Federal Reserve is likely to cut interest rates again Tuesday, but don't expect mortgage rates to go down too. In fact, home loans could be heading higher.read more...


Mortgage application volume fell 2.8% last week (Market Watch)  CHICAGO (MarketWatch) -- The volume of mortgage loan applications filed last week decreased a seasonally adjusted 2.8%, while interest rates on fixed-rate home loans increased, the Mortgage Bankers Association reported


How Christianity (and Capitalism) Led to Science  Rodney Stark explains How Christianity Led to Science -- and along the way he explains how Christianity led to Capitalism: Capitalism was developed by the great monastic estates.read more...

May 10th, 2008

Ousted mortgage CEO seeks redemption with new company (Atlanta Journal-Constitution)

You might call it the second coming of Patrick S. Flood. The once high-profile CEO of HomeBanc Mortgage Corp., known for his Christian faith-oriented management style, was fired last year from the company he had been a part of for 22 years, just months before it sought bankruptcy protection. For some people, such a public end to a chapter of their professional life would have been enough to send …

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