UPI NewsTrack Business
The U.S. gross domestic product grew just 3.1 percent in the first quarter of 2005, the slowest growth in two years and below expectations.
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Mortgage firm lays off 48 workers in Chesapeake (Daily Press) Forty-eight workers at HSBC Mortgage Services' Chesapeake facility are losing their jobs.
Mortgage rates remain almost the same Mortgage rates didn't change much, but desire for ARMs is way down for several reasons.read more...
Two more admit guilt in mortgage scam (The Palm Beach Post) A real estate investor and a mortgage broker have admitted their roles in a scam fleecing lenders of millions of dollars in home loans.read more...
The value of growth A groundbreaking shovel rests in the dirt at a ceremony to announce a new processed foods facility at the John Morrell & Co.read more...
Mortgage defaults are climbing (Asbury Park Press) Kenneth Heebner, the manager of the top-performing real-estate mutual fund over the past 10 years, said the economic damage from high-risk mortgage defaults is going to get worse.read more...
AG assails mortgage-broker bill (Denver Post) Colorado Attorney General John Suthers said this week he opposes a push to license mortgage brokers, saying the legislation is poorly written.read more...