Higher rates will slow down mortgage lending When Nancy Petty took prospective home buyers around for tours this summer, the Bel Air, Md., Realtor found that her clients would have to move quickly to bid for homes,
Hamish McRae: The £40bn question: do we bail out the banks to get the mortgage market moving? (Independent) In the next few days the Treasury and the Bank of England will announce their plan to rescue the mortgage market. It will be huge. The big number will
(PZ) Allied Home Mortgage Capital Corporation Opens New Branch Office in Fort Wayne Allied Home Mortgage Capital Corporation has opened a new branch in Fort Wayne, Ind.read more...
Shares of two more UK mortgage lenders plummet (FT.com via Yahoo! News) Shares in smaller British banks suffered a sharp sell-off on Monday as analysts slashed their profit forecasts and investors worried that other institutions could suffer a fate similar to
Mortgage rates decline a bit (Bankrate.com) Mortgage rates slipped back this week. The benchmark 30-year fixed-rate mortgage dropped 16 basis points, to 5.96 percent, according to the Bankrate.com national survey of large lenders. A basis point
Daryl Miller pleads guilty to wire fraud in mortgage scheme (BizJournals) Daryl Miller pleaded guilty to wire fraud for selling two properties and then, after he no longer owned these properties, taking out a mortgage against one, and selling the other
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