Mortgage applications drop 7.8% (CNN Money)
Mortgage application volume falls to one-third of where it was during the height of the housing boom in May, 2003.
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Brokers 'fail in advice on loans' THE Financial Services Authority has found "significant failings" among small mortgage brokers when advising on and selling home loans to borrowers who have to certify their own incomes.read more...
Good appraisals gone bad The seller can set the price and the buyer can agree to it. But if the appraiser nixes it the deal is likely to fail.read more...
Improve Your Cashflow With An Offset Mortgage (The Motley Fool UK via Yahoo! UK & Ireland Finance)
Sector Glance: Mortgage lenders decline (AP via Yahoo! Finance) Shares of mortgage lenders sank Tuesday after Fannie Mae reported a loss of $2.2 billion in the first quarter. The government-sponsored company warned of continued weakness in the housing
Impact fees gain crucial support Higher impact fees to help build schools in Pasco County have an unlikely ally: the Pasco Building Association.via
Funds may sidestep some of the fallout from subprime lenders Investors fishing mutual fund statements from the mailbox might take a look at their neighbors' homes and wonder whether any will cost them money.Commentread more...