GMAC's ResCap mortgage unit to cut 3,000 jobs (Reuters via Yahoo! News) Residential Capital LLC, the mortgage unit of GMAC Financial Services, said on Wednesday it will eliminate 3,000 jobs, or 25 percent of its work force, to cope with the
Building a market for Wachovia (Reg Req'd) Wachovia Corp. bankers will start selling products such as loans and CDs next month at three of the company's brokerage offices in a pilot program that could put bankers into
HOME OBSESSION read more...
N.D., local housing markets insulated from national slowdown, mortgage mess (Grand Forks Herald) The national housing market has collapsed under the weight of a wave of foreclosures, mortgage fraud and property flipping that'sthreatening to send the economy into recession.read more...
Consumer act protects against fraud, deception Each year, the New Jersey Division of Consumer Affairs receives thousands of complaints from consumers who hire contractors to do costly repair projects and who are less than satisfied
Rate Trend Index -- Mortgages Each week, Bankrate.com surveys experts to gauge which way interest rates are headed on mortgages -- a vital tool if you're about to buy a home.read more...
NovaStar Financial Inc. on Feb. 27 reported fourth-quarter net income available to common shareholders of $26.4 million, or 84 cents per share, compared to $22.8 million, or 85 cents per share, earned a year …
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