PMI Expects ‘09 Sales to Break Even with ‘08

While national homes sales are expected to rise 10% year-over-year basis during the Q409, the sharp drop in sales experienced earlier in 2009 will keep yearly sales on par with ‘08 levels, according to projections from residential mortgage insurance and credit enhancement product provider The PMI Group (PMI: 4.37 -1.58%). The report projects the continued oversupply [more...]

Date: 2009-09-18 20:24:14

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Citigroup Posts $2.8 Billion Loss in Q3: Report

(Update 1: reflects mortgage data from Citi’s earnings statement) Loan origination for residential real estate is down, mortgage delinquency is up and net credit losses are way up, according to Citigroup Inc.’s (C: 15.90 -2.03%) third quarter earnings statement [more...]

Date: 2008-10-16 15:21:55

second residential mortgage

If you are still confused about what a second residential mortgage loan is and how you can use it to your advantage, you are literally losing money ... mortgage, check your personal credit report to ensure that your credit score has improved. Lenders ... loans.The other type is a “home equity line of credit” or HELOC. The main difference between the two [more...]

Date: 2009-01-14 10:43:37

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