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Today's Fresh Blogs...| Cancelled loans show housing market strain |
| Published: October 10, 2007, 11:20 am |
| Tags: Business, House Loans, Housing Market, Mortgage Markets |
| There are more signs of stress in the mortgage market, with loan cancellations at a record high. The number of home loans for owner-occupiers was up 1.6 per cent in August, a turnaround from the previous month and better than a lot of pundits expected, despite the August rate hike. |
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| Bank of America says $85 B in subprime mortgages are resetting |
| Published: November 28, 2007, 2:51 pm |
| Tags: Business, Bank Of America, House Loans, Lending, Mortgage, Mortgage Rates, Subprime Mortgages |
| Bank of America Securities, a unit of the big Charlotte, N.C., bank, estimates that $85 billion in subprime mortgages are resetting during the current quarter. |
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