Countrywide Profit Falls
Countrywide Financial Corp., the largest U.S. mortgage lender, on Tuesday said quarterly earnings fell 28% after it sold fewer loans to investors and mortgage banking profit fell by nearly half.
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City updated on depot work MOUNT VERNON - Monday's City Council meeting began with the Parks and Lands committee meeting, with discussion on the ongoing efforts to restore the B&O Railroad depot at 507 W.
Mortgage giant Fannie Mae plans to slash work force by several hundred this year (Boston Herald) WASHINGTON - Mortgage giant Fannie Mae, remaking itself as it recovers from a multibillion-dollar accounting scandal, is cutting its 6,500-person work force by several hundred employees by year's...read more...
A home tour for every taste You've just spent more than $100,000 remodeling your home. You have your dream kitchen, a new deck and a media room.Commentread more...
Echoes of 1986? Not in Bush's Tax Reform Panel TWENTY years ago, President Ronald Reagan found himself politically weakened by large budget deficits, the Nicaraguan contra imbroglio and a Congress that was partly controlled by his Democratic opponents.read more...
Capital One closing mortgage unit (AP via Yahoo! News) Capital One Financial Corp. said Monday it will cut 1,900 jobs and shutter its wholesale mortgage banking business, a move that comes as lenders continue to struggle in the
Fitch may cut ratings on some insured mortgage bonds (Reuters via Yahoo! Singapore News) NEW YORK, Dec 26 - Fitch Ratings on Wednesday said it may cut its ratings on certain residential mortgage-backed securities insured by MBIA Inc, Ambac Assurance Corp, FGIC Corporation and