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Features
General Growth Properties gets loan reprieve (AP)
AP - General Growth Properties Inc. has received a two-week extension on mortgage loans totaling $900 million, as the troubled shopping mall owner works to stave off bankruptcy and negotiate longer-term extensions with lenders.
 
Mortgage fraud incidents up 45 pct in 2Q (AP)
AP - Reported incidents of mortgage fraud grew by 45 percent in the second quarter compared to the year-ago period, as borrowers misstated their financial information to maneuver around tighter lending standards, industry data released Tuesday showed.
 
Beazer loss widens on housing market deterioration (Reuters)
Reuters - Beazer Homes USA posted a wider quarterly loss on Tuesday, citing a further deterioration of the U.S. housing market due to lower consumer confidence levels and reduced access to mortgage financing.
 
Mortgage applications post largest gain ever (Reuters)

A house sits for sale in North Aurora, Illinois in this July 24, 2008 file photo. (Jeff Haynes/Reuters)Reuters - Mortgage applications surged by the largest amount on record last week as a new Federal Reserve program pushed interest rates down to their lowest level in more than 3 years, data from an industry group showed on Wednesday.



 
Homes Overseas Announces New Egypt Property Buying Guide
Homes Overseas, the leading overseas property experts have added a property buying guide titled 'Now's a Good Time to Buy Golf Property in Egypt'. The guide is a detailed presentation, with well substantiated details for interested property buyers.
 
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