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Sino-Forest boss quits amid Canadian investigation

BEIJING (AP) — Sino Forest Corp. says its chief executive has resigned as Canadian regulators investigate fraud allegations against the Hong Kong-based company following claims

August 44, 2011 Banking

Mortgage Applications Hit 15-year Low Despite Decreased Interest Rates

By Kelly Isaacs According to Reuters, home mortgage applications decreased last week to a 15-year low, even though interest rates remain depressed. Seasonally adjusted […]

August 02, 2011 Real Estate News

After hurricane, New Yorkers hardly miss a beat

NEW YORK (AP) — When the clouds parted, Wall Street wasn’t swamped. Coney Island’s world-famous Cyclone roller coaster was still standing. The Empire State Building

August 46, 2011 Banking

Hurricane Irene Underscores Importance of Flood Insurance

As homeowners across the East Coast brace for Hurricane Irene, the threat underscores the importance of flood insurance and reauthorizing the NFIP. NAR estimates that

August 21, 2011 Real Estate News

California Distressed Sales Decline, Realtors Push for Streamlined Shorts

California’s pending home sales dipped in July, as did the share of distressed property sales. The California Association of Realtors says 44.5 percent of home

August 50, 2011 Banking

S&P/Experian: Default Rates Decline Monthly and Annually

Default rates on both first and second mortgages declined in July, according to the S&P/Experian Consumer Credit Default Indices. Second mortgage defaults decreased from 1.4

August 04, 2011 Banking

Sweet Deals on Condos, Learn From Steve Jobs about Money, and More

If you’re seriously in the market for a condominium and you’d like a $ 1,500 cash incentive, check out Freddie Mac’s limited-time offer […] Mortgage

August 05, 2011 Real Estate News

Learn More About Mortgage Purchase Apps

The Aug. 17 news on mortgage purchase applications from the Mortgage Bankers Association was disappointing—they fell 8% from the prior week. Research Commentary from

August 21, 2011 Real Estate News
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