Capital One Slams Door on GreenPoint Mortgage (Seeking Alpha via Yahoo! Finance) The latest victim of the subprime crisis, Capital One Financial Corp. lowered its 2007 earnings outlook after halting residential-mortgage origination operations at its wholesale mortgage banking unit GreenPoint Mortgage.read
Monday's bond market Monday's bond market has opened down slightly with no relevant economic news to fuel interest in bonds.read more...
Brothers admit to million-dollar mortgage fraud (AP via Yahoo! Finance) Federal prosecutors say two Virginia brothers have pleaded guilty in a million-dollar mortgage fraud scheme. Twenty-nine-year-old Mohammed Rababeh of Vienna and 31-year-old Ahmed Rababeh of Haymarket pleaded guilty Wednesday
Existing-home sales remain high While the average median price of existing homes sold in Central Florida dipped slightly from November to December, it was still 35 percent higher than a year earlier, with Seminole
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A key House Republican on Monday said a group of Republicans and Democrats was working on a bill to curb predatory mortgage lending modeled on a state law seen by some as one of the strongest in America.
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