Regulators shut Horizon Bank in Bellingham, Wash., on Friday, the first bank closing of 2010. » Read more…
Category Archives: Mortgage Market
Regulators shut Washington’s Horizon Bank
Posted by MORTGAGE BLOG NEWS on March 5, 2011
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Chinese export growth boosts world markets
Posted by MORTGAGE BLOG NEWS on March 5, 2011
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World stock markets rose strongly Monday after a surprisingly strong rebound in China’s exports reinforced hopes about the pace of the global economic recovery as attention began to focus on the start of fourth-quarter earnings reports in the U.S. » Read more…
Record year for foreclosures as unemployment rises
Posted by MORTGAGE BLOG NEWS on March 5, 2011
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A record 2.8 million households were threatened with foreclosure last year, and that number is expected to rise this year as more unemployed and cash-strapped homeowners fall behind on their mortgages. » Read more…
UK public borrowing at a record in December
Posted by MORTGAGE BLOG NEWS on March 5, 2011
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Britain’s public sector borrowing totaled 15.7 billion pounds ($25.4 billion) in December, the government reported Thursday, a record for the month but still not as bad as market forecasts. » Read more…
Home sales likely fell in December
Posted by MORTGAGE BLOG NEWS on March 5, 2011
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Last month’s sales of previously occupied homes are expected to be down sharply from November after prospective buyers were granted more time to take advantage of a tax credit. » Read more…