Average mortgage breaks $300,000 mark (AAP via Yahoo!7 News)
The average new Australian mortgage grew in May, suggesting the interest rate rise had little impact on the home loan market, Australian Finance Group says.
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Fourth Quarter State Existing-Home Sales Third-Highest on Record PR or Business News Wire Total existing-home sales, including single-family and condo, were at the third-highest pace on record in the fourth quarter of 2005.read more...
Interest Rate Roundup Here's a look at the state of interest rates on five common consumer banking products and the latest rates from Bankrate.com's weekly national survey of large banks and thrifts.read more...
As Owners Feel Mortgage Pain, So Do Renters (New York Times) In the growing foreclosure crisis, thousands of families who rent their homes face eviction when owners default on their mortgages.read more...
NHB to float mortgage co with United Guaranty, IFC & ADB (The Economic Times) National Housing Bank will form a mortgage guarantee company (MGC) in the next three to four months with US-based United Guaranty Corp, International Finance Corporation and Asian Development Bank.read more...
Builders to Sellers: We'll Buy Your House If You Buy One of Ours DETROIT - Gerald and Arlene Zemke could see themselves enjoying the walking trails, tennis courts and swimming pool in Pulte Homes' Bridgewater development in Brownstown Township, Mich. read more...
Decor, design on the go THE NEWS TRIBUNE Published: October 7th, 2006 01:00 AM So you think your video iPod is good only for watching missed episodes of "Lost"? Well, you're wrong.Commentread more...
May 31st, 2006
May 31st, 2006
Average mortgage breaks $300,000 mark (Sydney Morning Herald)
The size of the average new Australian mortgage broke through the $300,000-mark in May, suggesting the latest interest rate rise had little impact on the home loan market, Australian Finance Group (AFG) Ltd says.
read more…
May 31st, 2006
Trident forges alliance with ADCB to offer mortgage finance for its customers (AME Info)
As an extension to the value additions and service offerings to all its investors, leading Dubai-based real estate development company, Trident International Holdings, announced that it has tied up with Abu Dhabi Commercial Bank (ADCB), one of the UAE’s leading financial institutions to offer mortgage financing options for all of the company’s luxury freehold residential projects.
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May 31st, 2006
Snellville man among four arrested in mortgage scam (Gwinnett Daily Post)
COVINGTON - The Covington Police Department arrested four people on May 25 in connection with a fraudulent mortgage scheme designed to net the offenders $650,000 in profit, police said.
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May 31st, 2006
Mortgage rates shoot up on inflation fears (CNN Money)
Mortgage rates rose higher this week after minutes from the Federal Reserve released Wednesday revealed some members are still concerned about rising inflation, Freddie Mac said Thursday.
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May 31st, 2006
Mortgage Rates Rise on Fed Move Concerns (AP via Yahoo! Finance)
Mortgage rates rose again this week on worries about what the Federal Reserve will do next. One-year adjustable rate mortgages hit the highest level in nearly five years.
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May 31st, 2006
Blacks, Hispanics more likely to pay high mortgage rates, study finds (The Arizona Republic)
CHARLOTTE, N.C. – Black and Hispanic home buyers are more likely to pay high mortgage rates than White borrowers with similar credit ratings and income levels, an advocacy group found.
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May 31st, 2006
Mortgage rates rise on worries about next Fed move (Minneapolis-St. Paul Star Tribune)
WASHINGTON (AP) Mortgage rates rose again this week on worries about what the Federal Reserve will do next. One-year adjustable rate mortgages hit the highest level in nearly five years. Freddie Mac, the mortgage company, reported Thursday that rates on 30-year, fixed-rate mortgages averaged 6.67 percent, up from 6.62 percent last week. This week’s rate was the highest since the week ending June
read more…
May 31st, 2006
Missouri City banker sentenced for mortgage fraud (The Herald-Coaster)
HOUSTON - Cynthia Eneanya, 33, of Missouri City, a licensed loan officer, and James Turner, 52, of Houston, a licensed Realtor, were sentenced to federal prison Wednesday for their roles in a mortgage fraud scheme.
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May 31st, 2006
An ambitious start to reaching life goals
Start saving, but don’t try to do too much at one time, says Dr. Don.
read more…
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