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As Housing Prices Cool, Americans Keep Spending  A year into the real-estate market slowdown U.S. consumers have yet to snap shut their wallets, as other parts of the economy stay strong and a drop in gas prices


Long Career Serving Haines City to End  read more...


Wal-Mart, Home Depot Say Housing Slump, Credit Turmoil Will Hurt Profits   Wal-Mart Stores Inc. and Home Depot Inc., the two largest U.S. retailers, said the housing slump, turmoil in the credit markets, and higher energy prices will depress earnings for


Centex Mortgage Taps JPMorgan for Credit (AP via Yahoo! Finance)   Centex Corp., one of the nation's largest homebuilders, said Friday its mortgage unit entered into a $450 million warehouse credit facility with JPMorgan Chase Bank to fund the origination


Wrong House Demolished By Firefighters  "I want to get the assessment of the damage. I just want to fix the house." The Braintree Fire Department is investigating how firefighters participating in a training exercise


Mortgage Rate Trend Index  Each week, Bankrate.com surveys experts to gauge which way interest rates are headed on mortgages -- a vital tool if you're about to buy a home.read more...

May 15th, 2008

Luminent Mortgage names new CEO (Philly.com)

Luminent Mortgage Capital Inc., a Philadelphia firm that invests in residential mortgage securities, named one of its directors, Zachary H. Pashel, president and chief executive officer.

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