BofA to exit wholesale mortgage business (CNN Money) Following a huge third-quarter decline, the company plans to exit the wholesale mortgage business and cut about 700 jobs.read more...
Shareholders take brunt of banks' capital raising America's banks and brokerages are scrambling to raise badly needed cash, but it may be at the expense of shareholders.Since the subprime mortgage market imploded, financial companies caught in the
Biggest Mortgage Lenders; Mortgage Industry News From MortgageDaily.com (PR Newswire via Yahoo! Finance) With nearly a half trillion in mortgage production during 2005, Countrywide Financial Corp. was the biggest residential mortgage lender last year, according to a preliminary analysis of production data
Fed Notices an Imbalance in Loan Data Federal Reserve Board Governor Edward Gramlich said the central bank's preliminary analysis of mortgage data concurs with many community group studies that show some minority groups get a disproportionate ...via
Schwarzenegger approves $1.75M for rent, mortgage payments (Fox 6 News San Diego) Governor Schwarzenegger has authorized one-point-seven-five (m) million dollars in emergency funding to help people affected by last month's freeze pay their rent, mortgage and utility bills.read more...
FBR's merchant banking woes October did not provide fertile ground for equity investors in general, but the merchant banking investments of Friedman Billings Ramsey Group Inc.read more...
Housing The extension of mortgage loans by major South Korean banks grew at their slowest pace in five months in August, as the lenders cut back on the lending due to stricter government regulations on housing loans, banking sources said Monday.
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