Annapolis thrift earns high banking marks
Baltimore Business Journal - Annapolis’ Severn Bancorp has tied for best-performing thrift in the nation in a ranking by financial data provider SNL Financial. In recent years, Severn (NASDAQ: SVBI) has been a repeat performer on several such lists. This is its second year at
Gillian Shaw, Vancouver Sun
Vancouver Sun - Vernon chalked up the most dramatic rise in house prices in Canada over the past five years, with the average house there jumping 129 per cent to $355,000 from $155,000, according to an analysis released Wednesday by Century 21 Canada. Kelowna wasn’t
Homestead Mortgage
Amador Ledger-Dispatcher - We’re celebrating 20 years in business! We appreciate your business and friendship. Thank you for keeping it local! Real estate broker - California Dept. of Real Estate License #872453. Everyone’s Welcome at Homestead Mortgage. We’re locally owned
Clayton Shares Fall on Analyst Downgrade
MSN MoneyCentral - NEW YORK (AP) - Shares of Clayton Holdings Inc., which analyzes mortgage loans for mortgage-backed securities traders, fell in afternoon trading Wednesday after an analyst said the company is vulnerable to a downturn in the cooling real estate market
Fed economist to cut GSE mortgage benefit estimate
Reuters - CHICAGO (Reuters) - A Federal Reserve economist on Thursday will say Fannie Mae (FNM.N: Quote , Profile , Research ) and Freddie Mac (FRE.N: Quote , Profile , Research ) help lower U.S. mortgage rates by only two basis points, below his previous
Canada’s housing affordability continues to deteriorate, RBC study
Stockhouse Canada - TORONTO (CP) - Canada’s housing affordability is continuing to deteriorate as prices and mortgage rates rise, an RBC Economics study suggests. “The cost of home ownership in Canada, including financing, utilities and property taxes, rose at a faster
Home buying topic of seminar
Vacaville Reporter - Area renters are invited to register for a “First Home” workshop to learn about the home-buying process and its financial benefits. It will be held from 1 to 3 p.m. on Saturday at the Courtyard Marriott, 120 Nut Tree Parkway. Area homeowners are
Mortgage companies cause tax nightmare
1960 Sun - Some Clay County taxpayers who financed their homes with out-of-state mortgage companies are finding themselves in hassles with local tax collectors. County Treasurer Vicky Jenkins said once consumers take out loans, the loans are purchased by other
Mortgage will Cost More in Suffolk County
1010Wins - HAUPPAUGE, Long Island — It will cost another $100 for Suffolk County residents to refinance or buy a house with a mortgage. The Suffolk County Legislature raised mortgage recording fees as part of a plan to bridge an $80 million budget gap next
Vendetta led to mortgage scheme, agents say: Bellevue builder made
King County Journal - Federal agents say a Bellevue man with a vendetta against the justice system devised a decade-long scheme that made him more than a $1 million, selling mortgages on the homes of his enemies. David Alan Hawkins, 66, never owned or had any right to
Mortgage industry in a period of adjustment as real estate slows
San Diego Daily Transcript - While interest rates on home loans continue to rise and the housing market slows, consumers either attempting to refinance or obtain a new loan are becoming more rare. As a result, some home lending companies have either consolidated, laid off
Can you still get rich in real estate?
CNN Money - If you’re expecting a short-term gain, “you should be looking elsewhere,” says Christopher Mayer, a Columbia University economics professor who not long ago argued that land shortages and rising populations would translate into ever-rising prices in
Real Estate Reality Check
Motley Fool - One key to being smart financially is to allocate your assets intelligently. Generally speaking, that means putting your money in the best places for it to grow while managing its exposure to risk. Given that definition, it makes sense that many of
Fed chief urges caution on mortgages
Financial Times - Ben Bernanke, chairman of the US Federal Reserve, on Thursday called on banks to be more cautious about mortgage lending despite clear evidence that the domestic housing market was cooling. Mr Bernanke cited a need for lenders to be vigilant in