THE BUZZ, 2005 THE WHISPERS, 2006 / Residential The biggest story in real estate in 2005 is the one that didn't happen. The oft-discussed bubble didn't pop, although the roaring housing market did show signs of quieting down
CORRECTED: Mortgage crisis widens at Accredited, Lehman (Reuters via Yahoo! News) Fallout from the U.S. mortgage and credit crisis spread on Wednesday as Accredited Home Lenders Holding Co, HSBC Holdings Plc and Lehman Brothers Holdings Inc said they will slash
Help for first-time homeowners (Reg Req'd) Like many people saving every dollar to buy a first home, former UNC Chapel Hill student Melanie Feliciano didn't have a lot of possessions to move into her new North
Mortgage unit sale boosts National City's 4Q profits (bizjournals.com via Yahoo! Finance) A $1-per-share gain on the sale of its non-prime mortgage company added heft to National City Corp.'s fourth-quarter and full-year earnings.read more...
Fewer New-Home Sales, But Median Price Rises The number of new homes sold declined at an annual rate of 3.2% in October, but the median price increased to $248,500. The sales numbers were worse than what Wall
US govt joins mortgage crisis fight (AAP via Yahoo!7 Finance) The Bush administration is are hammering out a proposal to halt the sub-prime mortgage crisis.read more...
Washington Mutual Inc. said Wednesday it would stop offering two types of complex mortgage products as part of a shift in its mortgage business, as it works to deal with the fallout from the subprime mortgage mess.
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