The Changing Business of Real Estate "This is just another symptom of a business model broken beyond repair." Like it or not the business of buying and selling a home is changing. While a slowdown
House Panel Clears Bill On Mortgage Lending The House Financial Services Committee passed a measure that requires lenders to consider a borrower's ability to repay an adjustable-rate mortgage even after payments reset higher than introductory rates.
Housing Markets That Are Hot And Those That Are Not It's a mixed bag for residential real estate across the U.S. In some locales, home buyers are gaining ground, while in others, sellers have the upper hand. This week's roundup
Mortgage applications on the rise (Detroit News) U.S. mortgage applications rose last week, reflecting a jump in refinancing and more home purchases, a private report showed today.via
City, residents returning to normal Editor's note: Jim Hope, part-time editorial cartoonist for the Star-Exponent, is in Covington, La., providing security in the aftermath of Hurricane Katrina.read more...
Impac Mortgage refinances credit facility (AP via Yahoo! Finance) Mortgage investor Impac Mortgage Holdings Inc. said Thursday it has refinanced an outstanding repurchase financing facility, replacing it with a term loan from UBS Real Estate Securities Inc.read more...
RICHMOND, Va. (AP) – Virginia officials are holding a series of regional mortgage clinics to help residents avoid home foreclosure. Governor Tim Kaine says the clinics sponsored by the Virginia Foreclosure Prevention Task Force will help protect and preserve homeownership.
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