EPA accepts LMDC plan to deconstruct former Deutsche Bank Building After months of leading a concentrated federal, state and local agency review of the Lower Manhattan Development Corporation's plans to deconstruct the former Deutsche Bank building at 130 Liberty Street,
Pinnacle executive says Casino Magic will be rebuilt Pinnacle Entertainment Chairman Dan Lee said Friday the company will rebuild its demolished casino in Biloxi, Miss., and will retrain some of the property's 900 employees to be construction workers
New Ideas In Congress, But Not All Have Traction Distress in the mortgage market is generating a wave of relief bills on Capitol Hill, including one that would allow homeowners to tap into their retirement accounts -- penalty-free
Police: Group ran $12M mortgage fraud ring in Broward (Miami Herald) Using stolen identities and straw buyers to apply for bogus home loans, 11 people from South Florida ran a multimillion-dollar mortgage fraud and property flipping scheme in Broward County, authorities
Reverse mortgage (Detroit News) Appropriate for older borrowers who are "house rich" but cash poor, a reverse mortgage allows a homeowner to borrow against the equity in his home. The homeowner receives tax-free payments
Mortgage Rates Near 4-Year High Long-term mortgage rates are continuing to edge higher. Freddie Mac said Thursday that the average for 30-year, fixed-rate mortgages is at 6.60 percent, compared to last week's 6.58 percent.read more...
Outsourcing its tech and back-office functions has proved such a successful move for IndyMac Bancorp that its ranking among the largest U.S. mortgage lenders has soared from No. 22 to No. 9 in just three years.
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