Mortgage defaults rising, Bank of England warns (Daily Telegraph)
More and more homeowners are defaulting on their mortgage repayments and credit conditions are likely to tighten further, the Bank of England has warned
read more…
Around the Markets: Housing still appeals to funds NEW YORK The biggest slump since 1994 in shares of U.S. home builders has spurred investors with some of the best records of this decade to snap up shares of
Lehman Brothers To Raise $6 Billion Lehman Brothers Holdings Inc. on Monday said it will raise $6 billion in new capital to shore up its balance sheet after saying it expects to post an unexpectedly large
New highs for housing Prices for South Florida homes continued to go through the roof. In May, a typical Broward County home sold for 34 percent more than 12 months before.read more...
When 1 business isn't enough, Dunns find more ways to stay busy GAYLORD - Scott and Theresa Dunn needed one more business to run. Already the owners of Dunn's Business Solutions, the couple has taken on the task of revitalizing the Century
Mortgage loan production office opens (Hammond Daily Star) PONCHATOULA - The board of directors and staff of American Bank & Trust Co. Inc. of Covington announce the grand opening of their mortgage loan production office at 1180 Hwy.
Citigroup to buy ABN Amro mortgage unit for estimated $3 bln Citigroup on Monday agreed to buy ABN Amro's Mortgage Group for an estimated $3 billion, a deal that will give the world's largest bank another 1.5 million customers.Commentread more...