Finance & Mortgage

'California Lumberyards Against 1 Percent Tax Hike

A recent hike of 1 percent tax hike proposed by the governor of California has upset lumber sellers as they are afraid it will affect business

'Federal Clampdown Looming on Reverse Mortgages

The federal government is proposing to make big changes to its reverse mortgage program early next year that should make the loans safer for seniors who use them to tap home equity.

'Toll Brothers Results Indicate Steady Housing Recovery

Toll Brothers Inc, the largest luxury homebuilder in the United States, reported a higher quarterly profit and said new orders rose sharply, indicating that the U.S. housing market is well on its way to recovery.
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