Mortgage demand falls despite interest rate dip (USA Today)
Mortgage applications fell for a second week, largely reflecting a drop in demand for home refinancing, an industry group said Wednesday.
Mortgage applications dip 2.7% 7:44 AM CT (Dallas Morning News)
Mortgage applications in the U.S. fell 2.7 percent last week as purchases declined to the lowest since April and refinancing cooled. The Mortgage Bankers Association's index of applications to buy a home or refinance a loan dropped to 636.7 from 654.2 the prior week.
US lawmakers call for 'mortgage czar' (Stuff)
US lawmakers have called for a 'mortgage czar' to help cope with an expected wave of foreclosures from the US housing slump, but Alan Greenspan said the credit crunch was past the worst.
Congress calls for "mortgage czar" (Reuters via Yahoo! News)
Lawmakers called on Wednesday for a 'mortgage czar' to help cope with an expected wave of foreclosures from the U.S. housing slump but Alan Greenspan said the credit crunch was past the worst.
Democrats assail Bush on mortgage crisis (AP via Yahoo! News)
Congress' top Democrats demanded quick action on the subprime mortgage crisis, saying President Bush has been slow to address a situation that could cost millions of people their homes.