Houses more affordable
HOME buyers can expect housing to become more affordable over the next 18 months as prices fall further.
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Bear Stearns Buys Subprime Mortgage Unit (AP via Yahoo! Finance) Investment brokerage Bear Stearns Cos. said Tuesday it plans to buy parts of ECC Capital's subprime wholesale mortgage banking division for $26 million in cash and assumption of some
Construction license loophole sends hundreds to Washington County (Reg Req'd) A loophole in a new law has sent hundreds of construction workers to Washington County for a home builders license and the opportunity to avoid taking a test.read more...
RAP House restoration project studied "Restoration isn't about a bunch of tree huggers hugging old houses. It's in everyone's best interest to restore their home from an investment standpoint." Like a detective searching for
The Fed Is Expected to Raise Rates Again The Federal Open Market Committee, which sets monetary policy, is all but certain to raise short-term rates on Tuesday to 3 percent, from 2.75 percent, the eighth increase since last
Mortgage industry takes hit in housing slowdown New jobs in the home building and financing industry may soon be as scarce as "sold" signs, as employers try to adjust to a stalling market.read more...
Sector Snap: Mortgage companies fall (AP via Yahoo! Finance) Shares of mortgage lenders fell Monday as analysts questioned whether Countrywide Financial Corp. should be sold for the original price announced in January, or if the deal is even