Real Estate Speculation Pushing Up Prices
WASHINGTON Jun 20, 2005 , Home builder Marsha Elliott is selling two units in a brand new stucco and stone duplex.
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Gary Davis of American Home Mortgage named to Strike for Survival Steering Committee (dBusinessNews.com) Triangle - RALEIGH Gary Davis of American Home Mortgage has been named to the steering committee of Strike for Survival, a bowling competition scheduled for September 16 that will
U.S. mortgage defaults, foreclosures reach record highs (Newsday) The national figure is driven higher by increasing housing woes in California and Florida, the Mortgage Bankers Assn. reports. Mortgage delinquencies and foreclosures reached record levels in
National City Scales Back Mortgage Lines (AP via Yahoo! Finance) National City Corp. said Thursday it is laying off 1,300 workers to shrink the bank's struggling mortgage business. The Cleveland-based bank said scaling back its home lending businesses and
A 'bonus' mortgage to tempt traders (International Herald Tribune) Barclays, the British bank, said Wednesday that it would offer a new mortgage to lure London traders and brokers who planned to spend their bonuses on real estate.read more...
Personal borrowing has doubled under Labour The level of unsecured debt per head has doubled since the Labour Party came to power in 1997, according to government statistics obtained by the Liberal Democrats.via
Spending on second homes triples to 6bn Britons are spending 6 billion a year on buying second homes - 4 billion more than two years ago.read more...