IndyMac Posts Loss on Mortgage Troubles (NYTimes.com via Yahoo! Finance)
In addition to posting a $184 million loss for the first quarter of 2008, the mortgage lender warned Monday it would not post a profitable quarter this year.
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As mortgage market tumbles, ad spending by lenders persists (International Herald Tribune) Mortgage experts say spending will be strong into the spring, a prime buying time for the housing market. But consumer advocates say the ads are misleading.read more...
Pulte Homes Sells Stake in Su Casita Pulte Homes Inc., one of the nation's largest homebuilders, said Thursday it sold its minority stake in Hipotecaria Su Casita, a Mexico-based mortgage banking company, for about $50 million.read more...
Mortgage Rates Top 8% as seen by US Homeowners (Turks.US) U.S. homeowners observe mortgage rates have the potential to rise above 8% in the next year. However, they are not worried that higher rates and a slowing housing market will
Cost of running home 'up by 2,000' Britons claim the average cost of running a home has risen by nearly 2,000 this year, new research has shown.read more...
Home Sales 'Blah' "Is it realistic for houses to back off by 30 percent?" The summer months are always slow for home sales in Las Vegas. When it's 110 degrees outside, nobody
No Rate Relief Seen for 2006, Says Mortgage Brokers Group (Real Estate News) RISMEDIA, Dec. 20 ? (KRT) ? Interest rates will climb and mortgages will get longer in 2006, according to projections made by the California Association of Mortgage Brokers.read more...