Mortgage applications rise 9.6% (Detroit News) U.S. mortgage applications rose last week as home purchases rebounded to the third-highest level on record and refinancing increased, a survey of lenders showed.via
Builders Look for Housing To Recover in 2007 Home buyers have been backing out of sales contracts and forfeiting their down payments. Yet, cancellation rates should steady in the first quarter and taper off later in 2007, the
Credit still crunched even as mortgage rates fall (AP via Yahoo! Finance) Mortgage rates sank again Wednesday, but investors are worried that getting a loan will still be a tough feat. The credit markets, while not as crunched as they were
Philippine Lawmakers Want More Powers for Regulatory Board MANILA, Jan 4 Asia Pulse - Lawmakers are pushing for more powers for the Housing and Land Use Regulatory Board which would include the use of arbiters that will have
U.S. mortgage rates inch up (Market Watch) CHICAGO (MarketWatch) -- In a volatile week for stock and bond markets, mortgage rates barely budged, leaving fixed-rate loans near four-year highs.read more...
PNC to Buy ARCS Commercial Mortgage (AP via Yahoo! Finance) Northeast regional bank PNC Financial Services Group Inc. said Wednesday it agreed to acquire Calabasas Hills, Calif.-based ARCS Commercial Mortgage, in a move to expand PNC's multifamily lending and
JPMorgan Chase & Co said it has racked up $1.5 billion of losses so far this quarter on mortgage-linked assets, reflecting deepening turmoil in credit markets.
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