Govt targeting rogue mortgage brokers (The West Australian)
Rogue mortgage brokers who prey on people desperate for credit will be driven out of the industry under changes being proposed by the NSW government. NSW Fair Trading Minister Linda Burney has unveiled a draft bill to reform the mortgage and finance broking industry in Australia....more...Govt targeting rogue mortgage brokers (AAP via Yahoo!Xtra News)
Rogue mortgage brokers who prey on people desperate for credit will be driven out of the industry under changes being proposed by the NSW government....more... Spending Down 0.2 Percent in October (The San Francisco Examiner)
WASHINGTON ( Map , News ) - Consumers, battered by a slumping housing market and a credit crunch, slowed the growth in spending to the smallest amount in four months....more... Real Estate Live (Washington Post)
Welcome to Real Estate Live, an online discussion of the Washington area housing market with Post Real Estate editor Maryann Haggerty. ...more... Beyond Bad Advice (Hartford Advocate)
Most of the tales of woe emanating from the subprime mortgage collapse the Advocate reported on last week came from sheer boneheadedness....more... Economy Has Strong Showing in Summer (The San Francisco Examiner)
WASHINGTON ( Map , News ) - The economy barreled ahead in the summer, growing at a 4.9 percent pace. The performance was the strongest in four years, but isn't expected to last through the current quarter amid the continuing housing slump and credit crunch....more... Stocks sell off as concerns about credit, banking; Dow falls 10 pct from high (The Globe Gazette)
NEW YORK (AP) ? Wall Street sold off sharply Monday as concerns about a weakening credit market wiped out investors? enthusiasm about strong retails sales over the holiday weekend. The Dow Jones industrial average fell nearly 240 points....more... Foreclosure crisis going to get worse before it gets better (Daily Herald)
Government officials and homeowners are hunkering down. If the foreclosure crisis is bad now, the increasing trend of court filings indicates the problem will become much worse, experts say....more... Foreclosure filings up 2,000 percent; experts say financial future to worsen (The Washington Examiner)
The number of foreclosure filings in Montgomery County spiked 2,000 percent in the third quarter of this year compared with the same time last year, proving that even a county with the seventh-highest median household income in the nation is not immune to the fallout from the escalating subprime lending crisis....more... |