Vladimir Putin “We discussed this important issue yesterday over a beer...”
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Bankrate: Mortgage Rates Hit 4th Record in a Row!
Mortgage rates moved lower this week, with the average conforming 30-year fixed mortgage rate hitting another record low of 4.57 percent, according to Bankrate.com’s weekly national survey.
Read more on PR Newswire via Yahoo! Finance
Mortgage aid cut ‘will see disabled people lose homes’
Benefit that pays interest on [...]
Equity stripping is the act of taking money out of the value of a home over what is owed to all the lenders combined. The simplest example is when a homeowner gets a Home Equity Line of Credit (“HELOC”) in addition to his mortgage. This amount usually takes the remaining equity to 10% [...]
Ally Financial returns to profitability
DETROIT – Ally Financial Inc. turned a profit in the second quarter, driven by improvements in its home mortgage business and more demand for auto loans.
Read more on Lansing State Journal
Money essentials: What’s hot with mortgages?
As mortgage rates continue to hover near all-time lows, experts say there’s never been a better [...]
A commercial second mortgage is an important commercial real estate tool. Commercial second mortgages are often used in conjunction with a new first commercial mortgage loan. Typically, the commercial second mortgage will have a term of one to five years with interest only payments. While commercial second mortgages can be critical in some financing scenarios, [...]
Martin Flanagan: Housing market uninspired by rapid rise in construction
THE construction sector expanded in May at its quickest rate since September 2007 but the latest data shows the housing market is still likely to lag the wider industry for
Read more on The Scotsman: Business
Theres less gloom in the office market
Although vacancies are rising and [...]
Home Capital Will Increase Dividend, Soloway Says (Update1)
May 18 (Bloomberg) — Home Capital Group Inc. , whose stock outperformed Canadas eight publicly traded banks in 2009, will definitely increase its dividend in the future, Chief Executive Officer Gerald Soloway said.
Read more on Bloomberg
S&P Cuts to Junk Home-Mortgage Bonds Given AAA Ratings in 2009
Standard & Poors [...]
There are many routes that you can take when seeking a home equity line of credit. First, you can go directly to your bank of choice and apply directly with them. You can also approach a mortgage bank that specializes in directly providing HELOC Equity or second mortgages. Third, you can use a mortgage broker [...]
RAPHAEL MINDER Portugal bites bullet over austerity move
Like Spain, Portugal hopes to cut its high deficit, but it is mired in structural weakness, writes RAPHAEL MINDER
Read more on New Straits Times
Memorial to Lost Miners in Beauty Shop
Catherine Kinsey owns Cathie’s Hair Care & Tanning in Wayne. In the corner of her salon is a display [...]
Business Notes
Debra J. Allen, Nicole Donegan, Christie Hambruch and Brooke Poindexter were recently named to vice president positions at Annapolis-based Severn Savings Bank.
Read more on The Capital
Ramco-Gershenson Properties gets $31.3 million loan for retail projects
Farmington Hills-based Ramco-Gershenson Properties Trust has refinanced two retail developments, including West Oaks II in Novi under a $31.3 million loan.
Read [...]
With the emergence of a housing affordability crisis in Australia the new shared equity mortgage scheme for first home buyers and families is being touted as the new life line for prospective home owners.
A recent first home buyer survey in Australia conducted by Genworth Financial on 2000 adults discovered that 70% of participants [...]
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