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Pacific Mercantile Bank to Exit the Wholesale Mortgage Banking Business in Order to Concentrate Its Capital and Other (Business Wire via Yahoo! Finance)   Pacific Mercantile Bancorp , today announced that the Board of Directors and management had decided that Pacific Mercantile Bank, its wholly owned banking subsidiary, would exit the wholesale mortgage


Wells Fargo grants second deferral  Wells Fargo & Co., the fifth-biggest U.S. bank by assets, will give mortgage customers in areas affected by Hurricane Katrina at least 90 more days to make payments.read more...


San Diego County Mortgage Default Notices On Rise (KGTV San Diego)  The number of mortgage default notices sent to homeowners in San Diego County nearly doubled during the fourth quarter of 2007.read more...


Do your homework when hiring landscapers (Reg Req'd)  You've decided that after working all week and with a yard the size of Citizens Bank Park, it's time for you to hire a lawn professional to make that grass


Mortgage Fraud Is Found During Fire Investigation (New York Times)  An investigation into a rash of arsons two years ago in Crown Heights, Brooklyn, helped prosecutors uncover a different crime in the neighborhood: mortgage fraud.


First Horizon, SunTrust see growth in mortgage lending (BizJournals)  Mortgage bankers saw residential loan production soar from the first quarter, according to Mortgage Daily, and the trend includes two of the three big players in the Nashville market.read more...

May 11th, 2005

Signs that residential property market cooling off

A lower growth in house prices in the first quarter of 2005 is an indication of a residential property market that is cooling off, according to Absa.

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