Paulson Says No Plan Afoot to Rescue Mortgage Agencies (New York Times)
The Treasury secretary said there is no plan to use his new authority to inject capital into Fannie Mae and Freddie Mac, which both posted dismal earnings last week.
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Man arrested after trying to hide $70,000 from airport screeners A man who told airport security that the $70,000 in cash causing his pants pockets to bulge were Muslim "prayer books" could soon face charges of mortgage fraud.Commentread more...
Storm insurers report they're ready (Reg Req'd) Hurricane Katrina is virtually certain to become the most costly natural disaster in U.S. history, but the companies that insure the homes, businesses and automobiles say they are not worried.read
Early bird gets the real estate worm (Reg Req'd) Editor's note: Real estate companies are strategizing on how to tap into the vein of tech-ready home sellers and buyers and to capture their attention and hopefully their business.via
Downside to buying a brand-new condo Lawsuits, assessment fees become major issues When shopping for a condominium, brand-new condos have the widest appeal to prospective buyers.read more...
Chat Plus Real estate editor Maryann Haggerty and columnist Elizabeth Razzi respond to a question from a recent online chat. read more...
U.S. 30-year mortgage rates fall in latest week (Reuters via Yahoo! News) U.S. 30-year mortgage rates fell for a third consecutive week, according to a survey released by home funding company Freddie Mac on Thursday.read more...