Borrowing to cut taxes “reckless”
Prime Minister Helen Clark has today unveiled one of Labour’s three new election billboards.
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Washington Mutual cuts subprime jobs, adds more mortgage sellers in branches (AP via Yahoo! Finance) Thrift bank Washington Mutual Inc. said Thursday it will cut 1,000 jobs, eliminating its sales force dedicated to mortgage borrowers with questionable credit and slashing some of its wholesale
Bear Stearns Profit Drops 10% as Mortgage Bonds Slump (Update7) (Bloomberg.com) June 14 (Bloomberg) -- Bear Stearns Cos., the second-biggest U.S. underwriter of mortgage bonds, said earnings fell 10 percent, the first quarterly decline in two years, as mounting home-loan defaults
Countrywide caught in mortgage spiral (AP via Yahoo! News) Countrywide Financial Corp. grew from a two-man startup in 1969 to become the nation's leading mortgage lender by deftly riding out housing boom-and-bust cycles. This time around, however, the
IndyMac Bancorp Fourth-Quarter Profit Up 29 Percent on Stronger Mortgage Production (Money Sense) IndyMac Bancorp Inc. on Thursday said stronger mortgage production during the fourth quarter pushed profit up 29 percent.read more...
NATION'S HOUSING: The mortgage deduction -- untouchable? (The Charlotte Observer) Is there really any chance that Congress could take away mortgage interest and state and local property and income tax deductions from homeowners?read more...
Planning Area For City, County Gets Approval Auburndale City Commissioners unanimously approved a resolution Monday night affirming their intentions to create a joint planning area between the city and the county. more» read more...