Lenders cutting credit come-ons
What’s in your mailbox? Chances are, fewer credit-card applications. Faced with a slumping economy, the nation’s financial service companies have sharply cut back their direct mail so far this year.
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Lowest rates of year push up mortgage demand (USA Today) Mortgage applications jumped last week as borrowers emerged in droves to refinance their existing home loans as interest rates fell to their lowest since early December, an industry trade group
Kara Homes in Bankruptcy After Mortgage Payment Offer (Update2) (Bloomberg.com) Oct. 9 (Bloomberg) -- Kara Homes Inc., a luxury builder in New Jersey that sells homes triple the average U.S. house size, filed for bankruptcy after discounts of as much
BoI reduce five and 10 year mortgage rates (Sunday Business Post) Bank of Ireland Mortgages today announced a 'special offer' on its home loan and investment 5-year and 10-year fixed rate mortgage products. The new reduced rates will take effect from
Fed May Pause on Raising Rates Slower-than-expected economic and job growth give the Federal Reserve an opening Tuesday to pause from its two-year string of interest rate increases.read more...
Homebuyers hunt for bargains at auctions Sunday afternoon, Terry Johnson walked out of a packed hotel ballroom on his way to becoming a homeowner, thanks to a $43,000 winning bid on a 1,064-square-foot home in Fort
Further regulation not the answer to mortgage problem (Denver Post) Q: Wall Street and mortgage lenders are facing more regulation, but as an attorney representing creditors, mortgage brokers, lenders and others in the industry, you argue that it will hurt
June 2nd, 2008
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