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Lehman Cuts Prime Mortgage Lenders on Spillover From Subprime (Bloomberg.com)  March 5 (Bloomberg) -- Lehman Brothers Holdings Inc. reduced its investment rating on U.S. mortgage companies including Countrywide Financial Corp. because a surge in loan defaults is showing evidence of


U.S. attorney: Mortgage fraud cases on rise (Myrtle Beach Online)  Kevin McDonald, an assistant U.S. attorney in Columbia, said the number of mortgage fraud cases he's seen has grown in recent years, due in part to the state's hot housing


U.S. mortgage rates keep falling (UPI)  NEW YORK, Aug. 24 (UPI) -- U.S. mortgage rates fell for the seventh time in the last eight weeks, aided by last week's better-than-expected reading on the consumer price index.read


Grower Steers Polk Farm Bureau  BARTOW | Fort Meade citrus grower Kenneth DeVane Jr. has an ambitious agenda for his two-year term as president of the Polk County Farm Bureau, the largest local advocate for


Wells Fargo opens Concord mortgage center (bizjournals.com via Yahoo! Finance)   Wells Fargo & Co. has opened a mortgage fulfillment center in Concord.read more...


Ex-nursing home to become apartments  Kenny Wyatt, who owns the Master Chef restaurant, purchased the building and property on Pulaski's Randolph Avenue when the town sold it at auction last week.read more...

March 14th, 2006

Credit Suisse retrenches home-builder ratings

Credit Suisse analysts on Tuesday cut their rating on shares of one home builder and upgraded two others while voicing concerns that volume gains might not be able to outpace margin pressures in 2007.

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