Finance & Mortgage
2011 Mortgage Trends: Jumbo Loans, Cash Buys
January 12 2011 3:38 PM EST
The number of mortgage applications for home purchases is expected to become a bigger part of the mortgage market in 2011 as home prices stabilize, predicts the Mortgage Bankers Association.
Banks May Force Builders to Build
January 12 2011 3:30 PM EST
A group of banks -- led by J.P. Morgan Chase & Co. -- are demanding some of the nation's largest home builders buy hundreds of acres of raw desert land at prices from the housing boom era days to fulfill an agreement between the banks and builders from several years ago.
US mortgage demand rises as rates dip
January 12 2011 9:06 AM EST
Mortgage applications in the U.S increased last week, following a dip in interest rates in the last week, data released on Wednesday showed.