Housing Drives Polk’s Economy
Conn Bank Regulator Looking Into Mortgage Lenders Network (Nasdaq) NEW YORK -(Dow Jones)- The Connecticut Department of Banking has opened an inquiry into Mortgage Lenders Network USA, a sizable subprime mortgage lender that just suspended its wholesale lending business.read
Congressman Asks For Foreclosure Moratorium A congressman from Philadelphia is trying to get the mortgage industry to declare a six-month moratorium on home foreclosures. via WFTV read more...
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Abu Dhabi Fund Might Buy Stake in Chrysler Building An investment arm of Persian Gulf emirate Abu Dhabi is in talks to buy a major stake in New York's iconic Chrysler Building.read more...
SEC Requires Beazer to Disclose Mortgage Details (Builder Online) The Securities and Exchange Commission (SEC) has sided with the Laborers' International Union of North America (LIUNA) in forcing Beazer Homes to disclose more information about its mortgage investments.read more...
Big decline in mortgage lending cuts into banks' earnings (BizJournals) The cooling mortgage lending market has resulted in a decrease in loan applications by more than 50 percent for local independent mortgage companies and a consolidation of home loan offices