Mayors meet in Detroit on foreclosures (Detroit News)
DETROIT -- A handful of the nation's mayors are meeting privately in downtown Detroit today in search of ways to ease the mortgage foreclosure crisis that has gripped Michigan and the rest of the nation....more...Business Briefs Nov. 22,2007 (Northeast Mississippi Daily Journal)
WASHINGTON, D.C. Fewer people sign up for jobless benefits Fewer people signed up for jobless benefits last week, an encouraging sign that most companies aren't resorting to large-scale layoffs as the country copes with continuing problems in the housing and credit markets....more... Business briefs (Sarasota Herald-Tribune)
DENVER...more... Calif. had biggest U.S. home-price drops in Sept. (Orange County Register)
First American LoanPerformance says Los Angeles-Orange County area prices fell by 8.1% in September, sixth highest among the top 30 metro areas....more... Fitch Discusses Performance Drivers of 2006 U.S. Subprime RMBS (Business Wire via Yahoo! Finance)
NEW YORK----Sharply declining home prices, an increase in high risk loan products and poor underwriting have all contributed to the under-performance of U.S. 2006 subprime RMBS, according to Fitch Ratings in a new report....more... Bankrate: Mortgage Rates Nudge Higher (PR Newswire via Yahoo! Finance)
Mortgage rates moved up this week, with the average conforming 30-year fixed mortgage rate now 6.34 percent. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.38 discount and origination points....more... PHH Corporation Announces Third Quarter 2007 Results (FinanzNachrichten)
PHH Corporation ( Nachrichten ) (NYSE:PHH) today announced results for the quarter and nine months ended September 30, 2007....more... PHH Corporation Announces Third Quarter 2007 Results (Business Wire via Yahoo! Finance)
MT. LAUREL, N.J.----PHH Corporation today announced results for the quarter and nine months ended September 30, 2007....more... Opportunities Knock for First-Time Home Buyers (KWQC-TV 6 Davenport)
Richard Khoe used to wonder how he could ever afford to buy a home of his own. Coming up with a down payment in the ever-escalating Washington, D.C., market seemed like a pipe dream....more... |