| Yahoo! News: Business - Real Estate |
House loan demand slumps as refinancing plunges (Reuters)
 Reuters
- U.S. mortgage applications slumped last week, pulled down by a plunge
in house refinancing loan demand as interest rates climbed from recent
lows, an industry trade group said on Wednesday.
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Your Down-Payment Portion (The Motley Fool)
The
Motley Fool - What percentage of what you're paying for a house should
be your down payment? There's no single best amount, and it will likely
vary according to your situation. Mortgage lenders typically like to
have you pay 20% or more down (which means you're financing only 80% of
your purchase price), but some special loan plans can get that down
payment into the low single digits. By using private mortgage
insurance, you can also swing a down payment that's less than 20% of
your house's purchase price. In addition, there are some programs
available that offer low-cost loans with very small down payments. |
Ex-Fannie execs face civil charges (USATODAY.com)
USATODAY.com
- The government on Monday filed civil charges against former Fannie
Mae chief Franklin Raines and the mortgage giant's former finance chief
and controller, seeking fines and the return of millions in bonus money
said to be tied to an improper accounting scheme. |
Real estate: Laid back in Los Angeles (USATODAY.com)
USATODAY.com
- With house sales skidding even with the median price up to a
gravity-defying $583,000, it's hard to believe the Los Angeles real
estate market is stabilizing. |
Swisscom pays Vodafone $3.5 bln for mobile stake (Reuters)
Reuters
- Swisscom AG will repurchase a 25 percent stake in Swisscom Mobile
from Britain's Vodafone Group Plc for 4.25 billion Swiss francs ($3.5
billion) in a long-awaited deal to fortify its house market position. |
U.S. charges ex-Fannie Mae chief Raines (AP)
 AP
- The government on Monday filed civil charges against former Fannie
Mae chief Franklin Raines and two other top executives, accusing them
of misconduct costing shareholders billions of dollars.
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Lancaster's House Buyers Affix Just Single Signature (Investor's Business Daily)
Investor's
Business Daily - Real estate closings are painfully paper intensive,
with stacks of forms to be signed and initialed many times by buyers
and sellers. |
Former Fannie Mae executives charged in accounting scheme (AFP)
 AFP
- US regulators filed civil charges against three former top executives
of mortgage finance giant Fannie Mae following a probe into a vast
accounting scandal at the company.
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Realogy to be sold to Apollo Group for $6.65 billion (Reuters)
Reuters
- Realogy Corp. , the former Cendant Corp. real estate company known
for its Coldwell Banker franchise, said on Sunday that it would be sold
for about $6.65 billion to private equity firm Apollo Group. |
Real estate expected to flounder in 2007 (AP)
 AP
- Donald Anthony has slashed the price on his four-bedroom,
two-bathroom house by almost $80,000 — and added $40,000 worth of
improvements, including a new kitchen and landscaping in the leafy yard.
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