Thornburg Mortgage Loss Tops $1 Billion (AP via Yahoo! Finance) Mortgage lender Thornburg Mortgage Inc. said Wednesday it lost more than $1 billion in the third quarter due to the fallout in the mortgage markets and elected not to
Fieldstone Mortgage files Ch. 11 bankruptcy (BizJournals) Citing rising mortgage delinquencies and tightening credit markets, Fieldstone Mortgage Co. has filed for Chapter 11 bankruptcy protection. (MTG) (RDN)read more...
Daily Briefing Newspapers in Edu. Order Page Re-prints Help Desk E-Mail Newsletters Shopping Special Reports Sponsored Sections Mtn.read more...
Developers Give Up Water Rights LAKE ALFRED | After feeling the pinch in the housing market, two developers who are proposing to build communities in the city want to give up their reservations of water
Mortgage applications decrease last week (Reuters via Yahoo! News) Applications for U.S. home mortgages fell last week due to a sharp decline in purchasing and refinancing activity as mortgage rates rose slightly, an industry group said on Wednesday.via
Option ARM swings debt blow The common denominator: They offer a cut-rate payment option that eventually can leave the homeowner owing more than was borrowed.read more...
Commercial construction, one of the last industries to recover from the most recent recession, is poised for the best year since 2001, contributing more to economic growth just as home building starts to ebb.
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