The Fed will cut rates... but by how much? (CNNMoney.com via Yahoo! Finance)
The Federal Reserve is going to cut the target on a key short-term interest rate on September 18. There is no mystery about that....more...Minnesota Builder Under Investigation For Mortgage Fraud (Builder Online)
The FBI and state of Minnesota authorities are investigating mortgage fraud in the state, and while federal and state authorities would not refer to any builders by name, alleged wrongdoing by home builder Parish Marketing and Development Corp....more... Area home sales fall to lowest since '94 (Minneapolis-St. Paul Star Tribune)
The bottom continues to fall out of the real estate market as area home sales posted their worst monthly showing in August in more than a decade, and the downturn is likely to continue. The number of homes sold fell 17.8 percent compared with a year ago while pending sales dropped 18.1 percent, according to data released Wednesday by the Minneapolis Area Association of Realtors. The showing ......more... A.G. Edwards Announces Results of 2007 'Nest Egg Index' Which Ranks the Nation's Best-Saving cities, States (PR Newswire via Yahoo! Finance)
A.G. Edwards today released its third annual "Nest Egg Index," which ranks America's 500 top-performing communities and the 50 states based on their residents' personal savings and investing behavior....more... Foreclosure crisis is not easing in north Minneapolis (Minnesota Public Radio)
The bad news on the mortgage foreclosure front is getting worse....more... Where Was FICO? (Forbes Magazine via Yahoo! Finance)
The widespread use of no-money-down mortgages in the U.S. flummoxed the country's best-known scorer of creditworthiness....more... Foreclosure start rates hit a new high mark (The Fresno Bee)
WASHINGTON -- Foreclosure start rates in 34 states declined during the second quarter of 2007, but the national average rose again to record levels because of problems in California, Arizona, Florida and Nevada, the Mortgage Bankers Association reported Thursday....more... Private-public partnership resurrects old Bedford getaway (Pittsburgh Tribune-Review)
They're using the word "miracle" around Bedford these days. It's a nod to the revival -- after 22 years of near-death experience -- of the Bedford Springs Resort....more... Study shows racial disparity in home loans (St. Louis Post-Dispatch)
African-Americans house buyers in the St. Louis area are far more likely to get high-cost mortgages than those in other metro areas, according to a study by a national advocacy group for low-income people and minorities....more... |