FNB outlook gets a boost
The financial picture for FNB Corp. for 2004 was improved and is looking brighter for the coming fiscal year, members were told at Tuesday’s annual shareholders’ meeting.
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New Century Creditors Cut Funding New Century Financial Corp. said Monday all of its lenders have cut funding or announced their intent to halt financing after the subprime mortgage lender failed to make payments, pushing
Consumer spending slowdown deepens "I don't care whether the economy is in a recession, the consumer is in a recession" A shopper leaves a Tiffany & Co. store in San Jose, Calif., in
PMI Canada to enter Canada's mortgage-backed securities market (Investment Executive) PMI Mortgage Insurance Co. Canada has received approval from Canada Mortgage and Housing Corp. to participate in Canada?s mortgage-backed securities market.read more...
Pressure's on to raise mortgage guaranty caps (The Cincinnati Enquirer) Several years after multibillion-dollar accounting scandals tarnished reputations at Fannie Mae and Freddie Mac, the mortgage giants are regaining market dominance amid an ailing housing market.read more...
Key rate drops to lowest level in eight months Fixed mortgage rates have fallen to their lowest levels since spring, as investors become confident that the Federal Reserve will cut short-term interest rates.read more...
Interest Rates, Fuel Costs Partner To Derail Housing Markets This week's survey of news from across the Web looks at why foreclosures are up in South Florida, the lack of home buyers in Michigan, dwindling sales on North Carolina's