FSA bans and fines fraudulent mortgage broker £100,000 (Money Marketing Online) The Financial Services Authority has banned a mortgage broker and fined him £100,000 for submitting false mortgage applications. ...read more...
Some Homeowners Hit New Snag in Refinancing In the latest sign of how the credit crunch is hurting even borrowers with good credit, some home-equity lenders are starting to slam the door on people who want to
Mortgage application volume slips as rates rise (AP via Yahoo! Finance) Mortgage application volume fell 15.3 percent during the week ended May 30, according to the trade group Mortgage Bankers Association's weekly application survey.read more...
Home Construction Fell 14% In December to Record Low While builders have been scaling back for many months, some said the end of 2007 was the bleakest period yet in the slump, forcing them to make sharp cutbacks.
Sears' Position as Home Appliance King Threatened Since it first put the Kenmore brand on a washing machine in 1927, Sears has reigned as the No.read more...
Freddie, Fannie cancel mortgage fee hikes (USA Today) Mortgage finance companies Fannie Mae and Freddie Mac, seized by the federal government last month, are rolling back fee increases imposed as they struggled to shore up their finances over
The Federal Reserve Board has signed off on new rules to help the rising tide of mortgage delinquencies by barring lenders from making loans without proof of a borrower’s income and requiring lenders to ensure …
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