Mortgage Application Demand Slips to Five-Month Low (Fox News)
Mortgage applications fell to lowest level in five months amid subprime mortgage failures.
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Mortgage applications fell to lowest level in five months amid subprime mortgage failures.
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NEW YORK (Reuters) – Demand for mortgage applications slid last week to its weakest level in more than five months, an industry group said on Wednesday, underscoring that the beleaguered U.S. housing sector has yet to bottom.
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Two separate reports from real estate groups released Wednesday stated that pending sales of existing homes rose 5% in June and mortgage applications dipped to a five-month low last week.
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Shares of mortgage real estate investment trusts plunged Wednesday a day after fellow REIT RAIT Financial Trust said troubled home lender American Home Mortgage Investment Corp. missed a debt payment.
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Following these tips can help you get in control of your finances.
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“In the past few weeks I’ve had two notes of interest. I don’t give up easily. It’s been very disappointing but I know how much I’ve loved living here so I’m prepared to wait.”
WATER trickles gently into the little pond in the private shrub-filled courtyard, where sunlight beams on to the whitewashed walls. via Scotsman.com Living
“PLD’s development pipeline has now hit the $6B mark, which should clearly fuel growth, but cap rate risks are rising.”
Credit market troubles alongside continued housing sector woes sent stocks plunging Thursday, July 26, in the worst day for the markets since February. via SNL Financial
“That is an argument better made to Congress!”
A group of shareholders who opted out of a class-action lawsuit against Fannie Mae saw many of their own claims against the mortgage giant dismissed Tuesday. via NYNewsday.com
If you need to sell your home fast, using an estate agent is not an option. If you fit into one of the categories below, we may be able to help sell your house quickly: Mortgage arrears Facing repossession … via Tips and Answers
SAN FRANCISCO (MarketWatch)—Another Bear Stearns hedge fund has been hit by turmoil in the mortgage market.
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