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Fed?s rate cut won?t directly affect mortgage rates (Naples Daily News)  Yes, the Federal Reserve cut short-term rates. No, that doesn?t mean that mortgage rates will inevitably go down, especially in the short term. A look at mortgage rates must begin


Manhattan's Housing Market Starts to Show Some Cracks  The average sales price of an apartment fell 5.7% between the third quarter and the fourth quarter of 2006. It isn't clear how much further prices may drop, one economist


Scarcity of open land slows home building in S. Florida  With developable land running out in South Florida, only Palm Beach County saw home construction rise in the first quarter of 2005.via


Mortgage bill may keep states from fighting predators (The Charleston Gazette)  State consumer advocates and attorneys say a one-paragraph amendment inserted into a sweeping predatory mortgage bill in Congress on Tuesday threatens their ability to protect the homes of low-income West


Summit Mortgage Expands into Boca Raton (Business Wire via Yahoo! Finance)   BOSTON----April 11, 2006--Summit Mortgage LLC of Boston, a fast-growing, privately owned mortgage banking firm, today announced it has opened a fourth office in Boca Raton and promoted a regional

November 30th, 2007

Spaces: With their large family in mind, couple renovates New Braunels house to make more room

“It was kind of like pulling a thread on a sweater”

With five children and nine grandchildren, Mike and Nora Aden are accustomed to having people in their home. via MySanAntonio.com



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November 30th, 2007

Rona says Michael Storfer to head new commercial market division

“In our view, this market has such potential on its own that we felt it was best to consolidate all related operations into one single division”

Rona Inc. said Friday that its new commercial market division will be headed by Michael Storfer, who joined the company when Noble Trade plumbing was acquired earlier this year by the national chain of … via Sympatico Finance



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November 30th, 2007

Hiring? Make sure they show up

“Thankfully, most of the contractors out there are honest. But really, it’s buyer beware.”

Every few months, area law-enforcement agents arrest local home-improvement contractors who allegedly defraud their customers. via Daily Star



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November 30th, 2007

Careful, tasteful decorating can set stage for holiday home sale

“When I decorate for Christmas, I take everything else away. I try not to make it look cluttery, but it’s hard to do for Christmas.”

When prospective buyers pull up to Nancy Reeser-Pierce’s home, they’ll know the holidays have arrived. via SanLuisObispo.com



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November 30th, 2007

Royal Bank Q4 revenue and earnings rise five per cent: $1.32B on $5.62B

“Our solid performance in a year marked by challenges in the financial markets reflects the diversity of our businesses across multiple products, markets and geographies.”

Royal Bank of Canada ended another record financial year with a five per cent rise in fourth-quarter revenue and profit, despite writedowns linked to the collapse of the U.S. subprime mortgage market. via CBC News



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November 30th, 2007

Fire Victims Say Calls Never Came

“I call it the 911 syndrome – people think they call 911 in any circumstance and they’ll be there to help”

Barbara Levine went to sleep Oct. 21 believing she would get an automated phone call from the city’s brand-new emergency notification system if a wildfire raging miles away threatened her home. via NewsChannel 8



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November 30th, 2007

Treasurer says Arizona doesn’t have riskier mortgage investments (The Arizona Republic)

Arizona Treasurer Dean Martin said Friday that Arizona reviewed its $12 billion state and local government investment pool when he took office in January and has already sold off risky mortgage-related investments.

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November 30th, 2007

Sen. Dodd offers cooperation on mortgage plan (Reuters via Yahoo! News)

U.S. Senate Banking Committee Chairman Christopher Dodd, a Democrat who is a candidate for President, on Friday offered to work with the Bush administration on a plan to reduce foreclosures amid a widening crisis in mortgage finance markets.

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November 30th, 2007

Who Gets the Mortgage? (Washington Post)

Breaking up has gotten even harder to do for those who share a mortgage.

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November 30th, 2007

EXCLUSIVE: Paulson “Optimistic” Mortgage Plan Will Be Finished Soon (ABC News)

Paulson says plan will address increasingly complex mortgage mess.

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