Mortgages News

SAN DIEGO (Dow Jones) -- While housing stocks have been humbled, the shares of many lenders and title-insurance companies are exhibiting remarkably strong hubris. Investor enthusiasm? Short covering? No idea, but the stocks of such companies as Countrywide (CFC) and Accredited Home Lenders (LEND) , First American (FAF) and LandAmerica Financial (LFG) are hovering at or near all-time highs. I ...

BOSTON (Dow Jones) -- Slowing home sales and falling home prices led Banc of America Securities analyst Daniel Oppenheim to lower his profit expectations and price targets for home builders. "Even a 'soft landing' would lead to significant earnings declines," the analyst wrote in a note to clients Monday. Oppenheim cut his 2007 stock-price targets by 17% and his earnings forecasts by 15% on  ...

PENSIONERS who are thinking about raising cash by releasing equity in their homes are being urged to shop around or risk paying up to £1,600 extra a year in interest. A study of 48 equity release mortgages from 18 providers has found huge differences in charges associated with these products. The analysis, by MoneyExpert.com, found the average APR charge is 6.95 per cent, with the lowest rate st ...

KELLY: Tupele DorguGROWING numbers of first time buyers are taking in lodgers to help meet mortgage payments. But while the financial rewards may be great, experts are warning young house buyers to be aware of the dangers of getting lumbered with a dodgy lodger - as Coronation Street's Kelly Crabtree has found out. Local experts say there are financial gains to be made from renting out a room in your home and ways to avoid getting the house guest from hell. Advertisement your story continues b ...