UK mortgage lending ‘levels off’ (BBC News)
Mortgage lending by major banks flattened out in July but the amount borrowed for day-to-day spending slowed, figures show.
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Mailbox: Condo Coercions, Short Shrift on Short Sales and Testing the Bath My mailbox has been full of comments on recent columns about life in homeowners associations, uncertainty with short sales and deciding how much money to invest in a bathroom. read more...
Feds propose clearer mortgage info (The Cincinnati Enquirer) Prospective home buyers would get easier-to-understand information on mortgage terms and save an average of $700 in closing costs under a proposal unveiled Friday by President Bush.read more...
A Mortgage For Falling House Prices (The Motley Fool UK via Yahoo! UK & Ireland Finance) Would-be homebuyers who are nervous about the housing market now have the option of taking out a negative equity protection mortgage.via
A Hands-Off Policy on Mortgage Loans (New York Times) WASHINGTON, July 14 - For two months now, federal banking regulators have signaled their discomfort about the explosive rise in risky mortgage loans. First they issued new "guidance" to banks
Schneider Small Cap Fund Sinks to Last Place on Mortgage Stocks (Bloomberg.com) Aug. 30 (Bloomberg) -- Arnold Schneider's small-company mutual fund went from best to worst after three of his mortgage- company holdings slumped 77 percent this year.read more...
D.R. Horton's Housing Hurt "Market conditions for new-home sales declined in our September quarter as inventory levels of both new and existing homes remained high while pricing remained very competitive" Home-building megalith D.R.