Mortgage applications fall
U.S. mortgage applications fell last week as interest rates climbed to 17-month highs and demand for refinancings slid to their lowest level this year.
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Restoring this Orange Street Home Took Time, Sweat, Vision read more...
Trading Is Halted in Shares of Mortgage Lender (New York Times) Trading was halted yesterday in shares of the lender Thornburg Mortgage Asset after they plunged 47 percent, the most since their 1993 initial public offering. Earlier, five brokerage firms downgraded
Mortgage Branch Meltdown from MortgageDaily.com (PR Newswire via Yahoo! Finance) Net branch companies are among the latest mortgage meltdown casualties, according to http://www.MortgageDaily.com -- the dominant source of online news for the mortgage industry.read more...
Cash sources dry up for subprime mortgage lenders (USA Today) The meltdown among subprime mortgage lenders broadened Tuesday, as shares of Accredited Home Lenders Holding (LEND) lost two-thirds of their value and New Century Financial (NEWC) sank, with investors fearing
South Florida mortgage firms lay off hundreds of workers as home sales plunge (Sun-Sentinel) About 800 have been let go as lenders cut operations The dramatic collapse of the nation's mortgage markets has hit home in South Florida, with almost 800
Mortgage broker charged with fraud in subprime mortgages (Boston Globe) A Boston mortgage broker has pleaded innocent to a 21-count indictment accusing her of fraudulently arranging subprime mortgages in the Dorchester neighborhood.read more...