| • |
10/25/2007 NAR announces $500,000 in wildfire assistance
|
|
The National Association of Realtors is donating $500,000 to assist victims of the Southern California wildfires and has called upon its members to contribute to its Realtors Relief Foundation.
|
|
|
| • |
10/25/2007 Dems: Foreclosure losses could top $100 billion
|
|
If home prices continue to fall, 2 million subprime mortgages could end up in foreclosure from 2007 through 2009, according to a report by Democrats who want to allow Fannie Mae and Freddie Mac to buy more mortgages.
|
|
|
| • |
10/25/2007 Industry, consumer groups critique anti-predatory-lending bill
|
|
A consumer advocacy group says a bill intended to combat predatory lending contains too many loopholes protecting Wall Street investors from lawsuits when they purchase mortgage loans from deceptive or predatory loan originators.
|
|
|
| • |
10/25/2007 September's new-home sales down 23%
|
|
The sales rate for new single-family homes equaled the lowest rate for that month since September 1996, and sales were down about 23.3 percent compared to the same month last year, the U.S. Census Bureau and the Department of Housing and Urban Development reported today.
|
|
|
| • |
10/25/2007 'Market concerns' take mortgage rates lower
|
|
Worries over slower economic growth helped push mortgage rates lower this week, according to surveys conducted by Freddie Mac and Bankrate.com.
|
|
|
| • |
10/25/2007 Job market slow but not losing steam
|
|
A key economic indicator measuring the volume of job advertisements in major U.S. newspapers gained one point in September, The Conference Board reported today, but did little to suggest that a significant upturn is on the horizon.
|
|
|
| • |
10/25/2007 Real estate rates drop overnight
|
|
Long-term mortgage interest rates were lower Wednesday, and the
benchmark 10-year Treasury bond yield dropped to 4.34 percent.
|
|
|
| • |
10/25/2007 Three builders report net quarterly losses
|
|
Home builder The Ryland Group Inc. (NYSE:RYL) on Wednesday reported a net loss of $54.7 million for the third quarter ended Sept. 30, or $1.30 per share; builder MDC Holdings (NYSE:MDC) announced a net loss of $155.4 million for the third quarter, or $3.40 per share; and Pulte Homes (NYSE:PHM) had a net loss of $787.9 million, or $3.12 per share, for the quarter.
|
|
|
| • |
10/25/2007 APR Not Good Judge Of Mortgage Character
|
|
You need more than the annual percentage rate (APR) to really get to know your mortgage.
|
|
|
| • |
10/25/2007 Correction in Commercial Real Estate is Forecast
|
|
Although it has been as hot as the residential market is cool, commercial real estate will slow next year, experts say.
|
