Bellevue man sentenced to four years for bilking mortgage firm (Seattle Post-Intelligencer) A Bellevue man and a Texas attorney were sentenced to four years in federal prison Friday for bilking millions from a mortgage company during a long-running fraud.read more...
H&R Block posts Q3 loss on mortgage woes H&R Block Inc. , the largest U.S. income tax preparer, reported a quarterly net loss on Thursday, weighed down by the subprime mortgage unit it has put up for sale,
Construction spending, home sales plummet The cooling U.S. housing market could mean "a whole lot" of job cuts as construction companies, mortgage brokers, real estate agencies and landscapers start laying off legions of workers, economists
A trendy mortgage falls from favor (The Arizona Republic) The cheap mortgage that helped pump up the housing boom is finally in retreat. Demand for so-called option adjustable-rate mortgages has dropped 25 percent in recent months, according to estimates
American Home Mortgage files for bankruptcy (MSNBC) American Home Mortgage Corp. filed for bankruptcy protection on Monday, the latest casualty of a mortgage industry that has plunged into distress.read more...
Popular Financial Advice To Ignore for 20-Somethings If you're just out of school, buying a big house or taking out a substantial mortgage might not be the best moves. Jonathan Clements on strategies to stretch your money.
General Motors Corp., struggling to restore its financial vigor, said Thursday its finance arm sold a majority stake in its commercial mortgage division, raising nearly $9 billion in cash that could make the rest of its finance business more attractive to potential bidders.
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