Mortgage Lending Fell To 30-Month Low In December (SkyNews via Yahoo! UK & Ireland News) Mortgage lending slumped to a 30-month low in December as the credit crunch continued to take its toll on the market, figures have shown.read more...
Earnings Won't Bail Out Market This Time "Remember, in the face of deteriorating earnings in the U.S. last year, robust global earnings saved the day." In Roman mythology, Janus is the god of doorways, and January
Nasdaq slides 2 percent on mortgage worry (Reuters via Yahoo! News) Stocks tumbled on Monday, sending the Nasdaq down more than 2 percent, as uncertainty about the extent of mortgage losses and the impact of the housing slump on the
Wells Fargo cutting 500 jobs in subprime mortgage division (Minneapolis-St. Paul Star Tribune) SAN FRANCISCO Wells Fargo & Co. is eliminating more than 500 jobs in a division that makes home loans to high-risk borrowers, adding to the economic distress caused by the
Let the contractor beware The indictments of four contractors for violations of the new Home Improvement Contractor Registration Act should send a strong message to all contractors that county prosecutors, consumer affairs officers and
Mortgage Lender to Consolidate (New York Times) LOS ANGELES, May 2 (AP) The parent company of the Ameriquest Mortgage Company and Town and Country Credit said on Tuesday that it would close all of its 229 branch
WASHINGTON —Ben Bernanke, the nominee to become the next chairman of the Federal Reserve, said Congress should limit the massive holdings of mortgage giants Fannie Mae and Freddie Mac in an effort to limit any danger their debt poses to the overall economy.
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