Home sales slump to 16 month low in May
Washington AP reports existing single family home sales fell 5.6 percent in May to a 3.21 million seasonally adjusted annual rate, lowest in 16 months. Mortgage rate declines late May failed to reverse the trend as buyers stay cautious amid tighter credit and inflation worries.
MENTIONED IN THIS ARTICLE
Washington
National Association of Realtors
Federal Reserve
Fed
Federal Home Loan Mortgage Corp
Ira Gribin
HUD Faces 650 Million in Mortgage Defaults Under Review
HUD says about 650 million in loan defaults from nine mortgage companies are under review. Three lenders were suspended indefinitely, three placed on six month probation, and three face project examinations as HUD reevaluates coinsurance practices and lender underwriting.
MENTIONED IN THIS ARTICLE
Washington
Department of Housing and Urban Development
HUD
Bill Glavin
DRG Funding Corp
Washington, D.C
Puller Mortgage
UMW Pittston talks push to end coal walkout
West Virginia Gov. Caperton offered to host negotiations to end the United Mine Workers strike against Pittston Co. after wildcard wildcat walkouts spread to 10 states. UMW President Trumka accepted. Pittston Chairman Douglas varied due to jury duty.
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Charleston
W.va
Coal Miners’ Union
Gaston Caperton
Coal Company
Wildcat
United Mine Workers
Pittston Co
West Virginia
Ilinois
Pennsylvania
Alabama
Ohio
Indiana
Kentucky
Virginia
Tennessee
UMW
Missouri
Mr. Caperton
Pittston
Caperton
Paul Douglas
Richard Trumka
Governor's Mansion
Trumka
Douglas
Union
Tromka
New York
Greenwich
Conn
U.S Energy Information Administration
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Midwest
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Rey Venema
Phoenix Corp
Lisa Smith
Tourism Council
Frederick County
Jack Lyburn
Manekin Corp
Weinberg Center For the Arts
Frederick
Lincoln
Ed Waters Jr
Charles Hoke
Walkersville Volunteer Fire Co
Milton Hendrickson
W. Lee Hoke Insurance Co
W. Lee Hoke Insurance
Walkersville Fire Co
Ed Waters
Frederick Branch
Patrick Street
Maryland
Led Quarterly
Chevy Chase Fsb
Ist
First American Bank
FDC
First American
Money Exchange
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American Bank
Bank For All Americans Pankshares, Inc
MeCwCs Fra
America
Vinnie