Countrywide caught in mortgage spiral (Lexington Herald-Leader) Countrywide Financial Corp. grew from a two-man startup in 1969 to become the nation's leading mortgage lender by deftly riding out housing boom-and-bust cycles. This time around, however, the ride
Troubled mortgage lenders face key test Monday (Reuters via Yahoo! News) The U.S. Treasury is expected to affirm its support for troubled mortgage finance giants Fannie Mae and Freddie Mac on Sunday in a bid to calm concerns ahead of
Mortgage applications hit highest level in 2 years (Reuters via Yahoo! News) Mortgage applications rose last week to the highest level since July 2005 despite a jump in borrowing costs, an industry group said on Wednesday.read more...
Ceiling's turn for special treatment "We tear it into different random pieces, and it's applied like a wallpaper, and they overlap each other. The end result looks like a faux finish, but it's half the
The Toccoa Record: Business Net sales increased 15 percent over the prior year to $215,564,000. The company had previously issued forward guidance that anticipated net sales growth of 10 percent to 15 percent.read more...
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Several years ago, Wachovia Corp., then called First Union Corp., sold its $38 billion residential mortgage-servicing portfolio. As it did with credit cards, the bank was exiting what it referred to as a noncore business to improve the company’s performance.
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