Stewarts expand BancStar further into local market Joe Stewart III is expanding his family's BancStar Inc. into Festus in Jefferson County.read more...
Wall Street falls on mortgage concerns (Reuters via Yahoo! News) Stocks fell on Thursday as financial stocks fell on mortgage concerns, overshadowing earlier optimism about the technology sector's profit outlook.read more...
Mortgage Ills Start to Strain Homebuying in Manhattan (New York Times) The turmoil in the mortgage market is starting to make it harder for New Yorkers to get the large loans that are typical in a city where the average apartment
Lake Wales Denies Annex read more...
Freddie Mac's Earns Down Nearly 60 Percent The earnings of mortgage giant Freddie Mac dropped nearly 60 percent in the first half of the year amid continued volatile interest rates as it emerged from its accounting crisis.read
Bank of America 3Q Profit Up 41 Percent Bank of America Corp. said Thursday that third-quarter earnings rose 41 percent as the acquisition of MBNA, strong consumer product sales and cost controls helped offset tighter margins.Commentread more...
A federal judge sentenced two members of an Allentown-based mortgage-fraud scam Friday. Patrick Balf was ordered to spend five years in prison, and Donald Stone could get six months. Balf also was ordered to make restitution of $2 million, and Stone $600,000.
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