De Soto's oldest bank changing ownership After more than 50 years in the Gabriel family, the De Soto State Bank is changing hands.read more...
Arizona bank cuts mortgage center (BizJournals) An Arizona-based bank is closing its Charlotte mortgage operations center, citing the ongoing mortgage-credit crunch, with the move costing 65 local employees their jobs.read more...
Investors Struggle With Aftermath Of Condo-Investing Fever With the condominium market oversupplied in some places and prices falling, owners are wondering what to do with their units. Tips on whether to get out now or hold for
Congress may tighten subprime loan rules Congress is eyeing tougher standards for risky, higher-interest home loans made to people with blemished credit records as defaults surge and lenders to the so-called subprime market see their financing
Dumped Mortgage Files Invite Identity Theft (WallStreet Journal via Yahoo! Finance) As the housing downturn forces mortgage-related firms to close branches, loan files containing Social Security numbers and credit reports are turning up in places like Dumpsters that are easily
Mortgage apps down; rents raise CPI (USA Today) From wire services: Mortgage applications fell last week for the first time in three weeks, reflecting a steep drop in home purchase loans, as lower interest rates failed to spur
Alberta police charged six people accused of defrauding 22 lenders including Genworth Financial Inc. and Canada Mortgage & Housing Corp. of C$30 million ($25.6 million) for financing properties in the Canadian province.
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