Lending

IRVINE, Calif. -- State laws aimed at stemming foreclosures caused a 12% drop nationwide in mortgage defaults in September, according to RealtyTrac.

WASHINGTON -- Sales of existing homes grew by 5.5% in September, but were only 1.1% higher than in September 2007, the National Association of Realtors reported today.

WASHINGTON -- Sales of existing homes grew by 5.5% in September, but were only 1.1% higher than in September 2007, the National Association of Realtors reported today.

MCLEAN, Va. -- The 30-year fixed-rate mortgage averaged 6.04% for the week ending Oct. 23, down from last week when it averaged 6.46%.

MCLEAN, Va. -- The 30-year fixed-rate mortgage averaged 6.04% for the week ending Oct. 23, down from last week when it averaged 6.46%.

DALLAS -- Richard M. Boyd, the real estate investor who bought the majority share of Texans Commercial Capital in 2007, has filed a suit against Texans Credit Union to recoup between $5 million-$10 million for allegedly breaching a contract involving branch leases.