Mortgage rates inch up on mixed economic news
Mortgage rates rose slightly this week on mixed economic news, with Freddie Mac's weekly survey of lenders showing the average rate for a conventional 30-year fixed loan at 3.68 percent,...
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A bourgeois sport no more
Eight years ago, Du Sha cashed out his chain of home-improvement centers — the first superstores of their kind in China — with a sale to Home Depot for $100...
Looking for best refi deal
The latest frenzy of mortgage refinancings has benefited millions of Americans who have been responsible or lucky enough to qualify for 30-year fixed-rate home loans below 4 percent. Home lending...
New-home sales fall to record low
Sales of newly built U.S. homes collapsed in May, the government said Wednesday, falling to their lowest level on record and stirring concerns among economists that the housing market would...
New-home sales fall to record low
Sales of newly built U.S. homes collapsed in May, the government said Wednesday, falling to their lowest level on record and stirring concerns among economists that the housing market would...
St. Regis’ plight bodes ill for struggling top hotels
The seizure of the St. Regis Monarch Beach hotel, where American International Group Inc. sponsored a luxury retreat shortly after accepting a federal bailout, is the most dramatic sign yet...
Merrill deal adds muscle, reach to BofA’s operations
Defending his controversial purchase of Countrywide Financial Corp. early this year, Bank of America Corp. Chief Executive Kenneth Lewis emphasized that the nation's largest consumer bank would be No. 1...
Unlikely borrower bailout may put burden on lenders
Borrowers, don't hold your breath for a bailout. As mortgage delinquencies soar, many consumer advocates and political leaders are calling on government to help what might ultimately be millions of...
When good borrowers get bad mortgages
Low interest rates and aggressive marketing campaigns have driven home lending to record levels. But increasingly Americans with good credit are being saddled with loans designed for high-risk borrowers. These...
25 states question Ameriquest lending practices
Ameriquest Mortgage Co. said authorities in 25 states had raised questions about its lending practices, including the accuracy of its appraisals and how loan terms are described in spoken statements...