Fannie Mae will no longer allow New Century Financial Corp. to sell mortgage loans to the U.S. government-sponsored company, alleging the troubled lender has breached the terms of its contracts, New Century said Tuesday.
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Rates on 30-year mortgages edged up slightly this week but still remained near the lowest level for the year. Mortgage giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.16 percent this week.
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RISMEDIA, March 23, 2007-2006 was another successful year for SKY Sotheby's International Realty, the Sarasota-based luxury real estate brokerage firm. The company ended the year with substantial increases in earnings, listings and the total number of sales associates, as well as the opening of several new branch offices and the formation of two new business divisions."While [...]
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Blackstone Group LP, one of the world's biggest private equity firms, on Thursday said it seeks to raise up to $4 billion in a highly anticipated initial public offering.
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Accredited Home Lenders Holding Co., a U.S. subprime mortgage lender, said on Tuesday it needed to raise cash after paying $190 million demanded by its lenders, sending its shares down as much as 53.5 percent to a record low.
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RISMEDIA, March 23, 2007-ProspectsPLUS! aims to make it simple for Realtors® to reach out to their sphere of influence and book of business this April by providing fast, efficient fulfillment options for both their software product and their Web-to-print solution, www.postcardsplus.com.New additions include postcards for April Fools' Day (April 1), Easter (April , Earth [...]
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RISMEDIA, March 23, 2007-James M. Weichert, president of Weichert, RealtorsR, has announced that Stephen E. Adamo has joined the Weichert Family of Companies as president of Weichert Financial Services.In this key position, Adamo assumes responsibility for the performance and growth of Weichert, Realtors' affiliated financial services companies as well as strategic oversight of Weichert GoldR Services, [...]
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The Philadelphia area documented 1,656 new foreclosure filings in November, 39 percent increase from the pervious month, and the city??™s foreclosure rate rose slightly above the national average.
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RISMEDIA, March 23, 2007-The National Association of Hispanic Real Estate Professionals (NAHREP) announced the appointment of 11 new directors to its national board this month at its 2007 Legislative Conference in Washington D.C. The move broadens the depth and scope of the leadership of the nation's fastest growing Hispanic trade association with representation from nearly every [...]
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