Priced off the Gulf (Reg Req’d)
The million-dollar sales of beachfront land have priced the average buyer off the Gulf, said Larry Powell of Meyer Real Estate on Fort Morgan.
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Lenders hike mortgage rates (Channel 4) Some of Britain's biggest mortgage lenders have raised the cost of borrowing to battle the effects of the credit crunch despite expected further cuts in interest rates by the Bank
Steps taken to cool real-estate market (People's Daily) The cabinet has decided to significantly tighten the rules regarding mortgage down payments and housing transactions, in a bid to cool down the country's over-heated property sector.read more...
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How to Shop for a Mortgage Today (WFMJ Youngstown) The troubles in the subprime-mortgage market have led to tighter standards for all borrowers. Buyers and refinancers with sterling credit records won't feel the pinch.read more...
'Cracks In The Armor' Of Subprime Players: CEO The LA Times has this report on infighting among subprime lenders. "Brutal competition in the shrinking home loan market has caused "irresponsible players" such as Ameriquest Capital Corp.read more...
Hodes to spearhead mortgage crisis: Roundtable talks included bankers, mortgage lenders (The Nashua Telegraph) CONCORD -- Paul Hodes' goal of finding a clear solution to the home mortgage crisis proved elusive Monday. ... - By KEVIN LANDRIGAN Telegraph Staffread more...