Hammering out hope
‘Two friends from Cape May County helped a New Orleans family reach the American dream of home ownership.
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Lehman Brothers cuts back mortgage lending further (Market Watch) Lehman Brothers Holdings Inc. announced it will "substantially" reduce its U.S. residential-mortgage lending, suspending its warehousing operations. The move will result in some 1,300 job cuts at Lehman's Aurora Loan
Mortgage brokers shun state exam (Louisville Courier-Journal) Indiana's secretary of state warned mortgage brokers earlier this month that they would lose their licenses if they didn't pass a state-required test by Aug. 5.read more...
Two Arrested In Connection With Mortgage Scam (WHIO-TV 7 Dayton) DAYTON, Ohio -- Authorities said two local businessmen are accused of running a $1 million mortgage scam. Montgomery County prosecutor Mat Heck said Marc Edwards and Mark Mussleman made fraudulent
Existing Home Sales Stay Strong WASHINGTON -- Sales of previously owned homes held steady in September at the second-highest level on record as demand was bolstered by hurricane refugees, a real estate trade group
Mortgage applications up 3.2% on week-to-week basis (Market Watch) WASHINGTON (MarketWatch) -- The number of applications filed to take out a mortgage from a major U.S. bank rose by 3.2% on a seasonally adjusted, week-to-week basis, the Mortgage Bankers
U.K. Mortgage Approvals Drop to Least Since 1999 (Update2) (Bloomberg.com) Jan. 30 (Bloomberg) -- U.K. mortgage approvals dropped in December to the lowest in at least nine years, and consumer credit fell, threatening the outlook for economic growth.read more...