Reuters - Demand for loans to purchase U.S. homes sunk to a 13-year low last week, and refinancing demand also slid despite near record-low mortgage rates, the Mortgage Bankers Association said on Wednesday.
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Home-buying applications sink to 13-year low (Reuters)
Man convicted of stealing Polson house (AP)
AP - A Lake County jury convicted a transient of stealing a house in foreclosure by removing “for sale” signs, changing the locks and filing strange paperwork with the county claiming he purchased the house from Yahweh.
Summary Box: Mortgage rates sink to 4.57 pct (AP)
AP - RATES SET NEW LOW: Freddie Mac said Thursday the average rate for 30-year fixed loans dropped to 4.57 percent this week, the lowest on records dating back to 1971. That’s down from the previous record of 4.58 percent set last week.
IMF says U.S. recovering but sees unemployment, housing risks (Reuters)
Reuters - High unemployment and a moribund housing market are constraining the U.S. economic recovery, while the public debt looms large on the horizon and needs to be addressed, the International Monetary Fund said on Thursday
Wells Fargo ends non-prime mortgage biz (Reuters)
Reuters - Wells Fargo & Co , the fourth-largest U.S.
Finding gold in them thar foreclosures (AP)
AP - If we’re going to search for gold in the wreckage of the mortgage crisis, then 6:57 a.m. in front of 1009 W
Mortgage rates scream buy, but who is listening? (AP)
AP - An odd scene has been playing out lately in the offices of mortgage brokers and bankers around the country.
Closing on a Home? Follow These Tips. (U.S. News & World Report)
U.S.
Former mortgage exec pleads not guilty in Va. (AP)
AP - The former head of a mortgage lending company accused of scheming to steal more than $500 million from the government’s financial bailout fund has pleaded not guilty in the case.
Experts Talk ISM, Pending Home Sales, Jobless Claims (BusinessWeek)
BusinessWeek - Businessweek.com compiles comments from Wall Street economists and strategists on the key economic and market topics of July 1.
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