Countrywide loses $422M amid mortgage meltdown (USA Today) Countrywide Financial, the nation's largest mortgage lender, said Tuesday it swung to a loss in the fourth quarter due to rising loss provisions and impairment charges.read more...
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Commercial-Mortgage Deals Get More Upgrades Than Cuts (Nasdaq) Moody's Investor Service said upgrades of U.S. commercial mortgage-backed securities and commercial real-estate collateralized debt obligations outnumbered downgrades in the first half of 2008, a marked contrast to the vast
Scotiabank buys mortgage lender (The Globe and Mail) Bank of Nova Scotia said Tuesday it will buy the mortgage business of Maple Financial Group Inc. for $233-million, catapulting the bank to the third-largest provider of Canadian mortgages.read more...
Gore hits home with green message FORMER US vice-president Al Gore laid out his prescription for an ailing and overheated planet on Monday, urging a series of steps, from freezing carbon dioxide emissions to revamping the
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Home mortgage lenders will no longer be able to request additional loans under the name of their spouse or children when they buy a house located in the property speculation area.
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