Mortgage Applications (WJTV Jackson)
A spike in interest rates to their highest level in 11 months sent mortgage applications tumbling last week.
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Cleanup to Begin at Photech Site in Williamstown, Mass. Cleanup action will begin this week in Williamstown's Photech site. The EPA cleanup is expected to cost $878,000, addressing an abandoned four-story mill complex which is contaminated with asbestos.read more...
Kansas bank increasing its local mortgage presence (BizJournals) A Kansas bank is making significant inroads into the Twin Cities' mortgage market.read more...
Mortgage rates may be slowing home buyers (Northwest Indiana Times Business) Mortgage loan rates are inching up in the fourth quarter and may be deterring marginal new-home buyers from entering the real estate market as well as people looking to refinance
Mortgage numbers hit two year high (Evening Standard) The number of people who took out a mortgage to buy a new home has hit its highest level for more than two years, according to official figures. The Bank
Cuomo, Rating Agencies Agree On Mortgage Reforms New York Attorney General Andrew Cuomo announced an agreement with Wall Street's three major credit-rating agencies Thursday that would overhaul how they evaluate investments backed by risky mortgage debt. Cuomo,
Capital One to close mortgage unit (AP via Yahoo! News) Capital One Financial Corp. said Monday it will close its wholesale mortgage unit due to woes in the secondary mortgage markets, resulting in $860 million in charges in 2007.read