Change predicted in mortgage banking (Baltimore Sun)
New York // With interest rates rising and “For Sale” signs lingering on lawns around the country, the mortgage banking business is undergoing an unwelcome transformation.
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Inverted Yield Curve Influences Mortgage Rates RISMEDIA, Dec. 30 - Fixed mortgage rates fell slightly this week, as long-term interest rates declined following a large decrease in new home sales.read more...
Q: How do I get a mortgage? (Louisville Courier-Journal) A: You'll be looking for two key factors in a mortgage: the lowest cost and best terms.read more...
Downeast Mortgage shuts offices (Portsmouth Herald) PORTLAND, Maine (AP) ? Downeast Mortgage is no longer writing loans and has closed all but one of its offices. read more...
Wells Fargo Names Stumpf Chief Executive Officer, Succeeding Kovacevich Wells Fargo & Co. named John G. Stumpf to replace Chief Executive Officer Richard Kovacevich as the second-biggest U.S. mortgage lender grapples with the worst housing slump since 1991.
Online Brokers Dive As BofA Announces Free Online Trades Online brokers' stocks dived Wednesday after Bank of America said its retail brokerage would offer free online equity trades.Clients who maintain a $25,000 balance can do 30 online trades a
County mortgage defaults triple (The Salinas Californian) Monterey County saw a 209 percent increase in mortgage defaults last year, but lenders and realtors said Friday it?s more a cautionary tale than a gloomy forecast for the housing