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Seven banks fail, pushing 2009 tally to 52 - CNNMoney.comSeven banks fail, pushing 2009 tally to 52CNNMoney.comLocal banks have been hard hit as plummeting home values devalued mortgage-backed assets and rising unemployment rates caused an increasing number of ...and more »
D-FW home prices drop 5% from last year; up slightly over month - Dallas Morning NewsD-FW home prices drop 5% from last year; up slightly over monthDallas Morning News"Yes, I think we will continue home price declines, whether because of foreclosures, even tighter mortgage markets, job losses, problems with appraisals or ...and more »
New Evidence on the Foreclosure Crisis - Wall Street JournalNew Evidence on the Foreclosure CrisisWall Street JournalYet merely because an individual has a home with negative equity does not imply that he or she cannot make mortgage payments so much as it implies that the ...and more »
Reverse Mortgage Line of Credit that Grows - Examiner.comExaminer.comReverse Mortgage Line of Credit that GrowsExaminer.comThe reverse mortgage program or Home Equity Conversion Mortgage (HECM) is a program for mature Americans, 62 or older, who need to supplement their current ...and more »
Banks Falling 24% Since May Foreshadow S&P 500 Slump - BloombergBanks Falling 24% Since May Foreshadow S&P 500 SlumpBloombergConcern that mortgage rates, credit losses and foreclosures are increasing spurred retreats in the companies forecast to be among the biggest beneficiaries ...and more »
KERA LAUNCHES YEAR-LONG, MULTI-MEDIA ECONOMY PROJECT - dBusinessNews Dallas (press release)KERA LAUNCHES YEAR-LONG, MULTI-MEDIA ECONOMY PROJECTdBusinessNews Dallas (press release)DALLAS/FORT WORTH - With unemployment continuing to rise in North Texas and home foreclosures at near-record highs, KERA is launching a year-long, ...and more »
Lynnwood's City Bank gets tighter scrutiny - Seattle TimesLynnwood's City Bank gets tighter scrutinySeattle TimesHe said City Bank hopes to sell another $200 million or so in real estate in the second half of 2009, if mortgage rates stay low and the recession bottoms ...and more »
Builders pick up the pace on area new-home starts - Austin American-StatesmanBuilders pick up the pace on area new-home startsAustin American-StatesmanSprague said one potential challenge for the market is mortgage interest rates, which have risen from below 5 percent to 5.42 percent in the past several ...and more »
PSMI Opens Office In Graham, TX - RealEstateRamaPSMI Opens Office In Graham, TXRealEstateRamaIncorporated in 1991 in Texas, PrimeSource Mortgage, Inc. quickly became a leading mortgage company in the Southwest and is currently licensed in 20 states. ...and more »
A break for first-time home buyers - Houston ChronicleA break for first-time home buyersHouston ChronicleNo exotic mortgage loans are allowed. Buyers must take out a conventional, FHA, VA or USDA mortgage loan and take a home buyer education class. ...Texas Mortgage Lender explains nuisances of Texas Home LoansSBWire (press release)all 3 news articles »