SunTrust Profit Soars 39 Percent
SunTrust Banks Inc. Tuesday posted a 39 percent jump in third-quarter profit, as loan growth and its acquisition of National Commerce Financial Corp.
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Nomura to exit U.S. mortgage business (UPI) Japanese investment bank Nomura Holdings Inc. said Monday it would exit the U.S. residential mortgage-backed securities market due to the subprime crisis.read more...
Bush unveils mortgage proposals (AP via Yahoo! News) President Bush on Friday announced a set of modest proposals to deal with an alarming rise in mortgage defaults that have contributed to turbulent financial markets over recent weeks.read
Existing home sales down in 2007 "If all those things are good, it's a foundation for a strong real estate market." The Upper Rio Grande Valley's real estate boom may not be over yet, but
HUD chief urges action on loan proposal "This is not a bailout program" President Bush's housing chief urged Congress on Monday to quickly enact legislation that he said could help stave off future distress for homeowners
Xceed Mortgage Trust Files Preliminary Prospectus for Over $500 Million in Mortgage-Backed Term Notes (CNW Group via Yahoo! Finance) Xceed Mortgage Corporation , a rapidly growing non-traditional mortgage lender, today announced that Xceed Mortgage Trust has filed a preliminary prospectus dated March 31, 2006 with Canadian securities regulators
Mortgage giant Infonavit mulls raising 2006 lending target 7% Banking: Mortgage giant Infonavit mulls raising 2006 lending target 7% "This year we have a goal of 375,000 loans but we are looking at raising the target next year in