New York's Affordable Housing Investment Reaches $11 billion New York State has now invested $11 billion in statewide affordable housing initiatives over the past 11 years.read more...
Abbey cuts some mortgage rates (Financial Times) Abbey is to reduce its rates for some mortgages, partly in response to the Bank of England?s liquidity scheme which will inject £50bn ($99bn) into the mortgage market.read more...
Subprime lender says it can't pay creditors New Century Financial Corp. , the nation's second-biggest subprime lender, said it doesn't have the cash to pay creditors who are demanding their money, increasing speculation that the company will
Credit Restrictions Continue to Grow WASHINGTON Like a spreading infection, restrictions on credit are moving into new and more specialized niches of the mortgage market. The latest to feel the pinch: Cash-out refinancings. Loans with
Price for PVC pipe soars along with oil The white PVC pipes laying in rows on a shelf don't get the headlines of other building materials like concrete and lumber.read more...
Annaly Mortgage Management, Inc. Announces Preferred Dividend (Business Wire via Yahoo! Finance) In accordance with the terms of the Company's 7.875% Series A Cumulative Redeemable Preferred Stock, the Board of Directors of Annaly Mortgage Management has declared a preferred stock dividend
Shoved aside by the hot mortgage products of recent years, Veterans Affairs mortgage loans are making a comeback and are a viable financing alternative for veterans looking to secure an attractive fixed-rate loan with little or no money down.
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