D.R. Horton sees 26 perecent spike in 4Q orders (AP)
Business events scheduled for the coming week (AP) AP - WASHINGTON — National Association of Realtors releases existing home sales for September, 10 a.m. Real estate agents see return of foreign buyers (AP) AP - Canadian investor Arthur Wong is buying condos in Las Vegas and Phoenix like a shopper at Costco: In bulk, with slashed prices. 13 charged with mortgage and loan fraud in Oregon (AP) AP - A federal grand jury in Eugene has indicted 13 people on mortgage and loan fraud charges arising from the collapse of a central Oregon development company. Web sites cater to for-sale-by-owner home sellers (AP) AP - Selling a home without a real estate agent can save thousands of dollars in commission fees, but it can also be a painstaking, confusing task. Existing home sales seen at highest since July 2007 (Reuters) Reuters - Sales of existing U.S. homes likely rose for second consecutive month in October, reaching their highest level since July 2007, according to a Reuters poll, as buyers scrambled to take advantage of greater affordability and a first-time home buyer tax credit. 7 charged in alleged securities and mortgage scam (AP) AP - State and federal prosecutors have charged seven people in an alleged securities scam that cheated dozens of people out of $17 million. Why Foreclosures Rise Even as the Economy Expands (U.S. News & World Report) U.S. News & World Report - Even as the U.S. economy expanded in the third quarter, the nation's eroding labor market sent the mortgage delinquency rate to new heights and created fresh headaches for the Obama administration. About 1 in every 7 home loans in the country was either past due or in foreclosure at the end of the third quarter, according...... What's Next for Mortgage Rates? (BusinessWeek) BusinessWeek - You> But> Some> Part>It> That> Who> They> Great,> Easier>Well,> As> With> Cue> Behind>O.K.,> That> What> My> You can save this news page by submitting it to your favorite sites:
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AP - Homebuilder D.R. Horton Inc., saw new home orders spike 26 percent from a year ago in the latest quarter as buyers raced to close deals and take advantage of a federal tax credit. But a wider-than-anticipated loss fueled by write-downs sent shares tumbling more than 15 percent Friday.
