Weekly mortgage applications dip (CNN Money)
NEW YORK (Reuters) – Applications for home mortgages fell for the second week in a row despite a fall in the 30-year mortgage rate to a 15-month low, an industry group said Wednesday.
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House building down for 2nd month Housing construction fell for a second straight month in April at a faster pace because of weaker sales but overall construction growth rose, a report showed on Wednesday.via
HSBC in US$45 billion bailout for two structured investment vehicles HSBC Holdings PLC, Europe's largest bank, said Monday it will consolidate two structured investment vehicles, Cullinan Finance Ltd. via Canadian Business Magazine read more...
Wall Street reads the tea-leaves Investors will be eagerly awaiting some government readings on inflation and the strength of home building ahead of trading Tuesday, following somewhat mixed results from some key retailers.read more...
Mortgage lending shows fast growth (Financial Times) Mortgage lending grew at its fastest rate for more than a year in November, the British Bankers' Association said, confirming recent evidence of normal activity in the housing market.read more...
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Freebery mortgage fraud trial opens in Philadelphia (TimesLeader.com) PHILADELPHIA - Former New Castle County Chief Administrative Officer Sherry Freebery never intended to repay a $2.3 million loan from a du Pont heiress, a defense attorney said Monday at