Mortgage approvals drop by fifth in one year as 'sharp chill' shudders through housing market
The number of mortgage approvals for homebuyers slipped by a fifth last month compared with November 2013 as a 'sharp chill' shuddered the housing market.
Mortgage approvals down by a fifth
The number of mortgage approvals made to home buyers slid by a fifth in November compared with the same month last year as a “sharp chill” set into the housing market, banks have reported.
How Mortgage Pioneer Bill Erbey of Ocwen Lost His Empire
NEW YORK (TheStreet) — Bill Erbey made more than $2 billion building what looked like a better mousetrap for collecting mortgage debt, but much of that fortune vanished in 2014 and on Monday Erbey was forced to resign as chairman of five companies he oversaw. Even Ocwen Financial , the best known of Erbey's companies, isn't exactly a household name, but in just a few years it became the largest …