American Home Mortgage to close Friday: report (Reuters via Yahoo! News) Mortgage lender American Home Mortgage Investment Corp is closing its doors on Friday, and has told employees they will be laid off, according to the Long Island newspaper Newsday,
Mortgage broker's pay practices ruled illegal (The Plain Dealer) A U.S. District Court judge in Cleveland has found that a Middleburg Heights mortgage broker violated federal law by paying its loan officers only commissions, not a minimum wage.read more...
Figures in Met Mortgage scandal settle with SEC (Seattle Times) Several key figures in the Metropolitan Mortgage & Securities Co. accounting scandal have agreed to settle lawsuits filed by the U.S. Securities and Exchange Commission...read more...
Business Briefs: Bank gives $300K for mortgage help (The Tennessean) The Federal Home Loan Bank of Cincinnati has donated $300,000 to help with mortgage counseling and foreclosure mitigation in 25 counties around Nashville and Johnson City.read more...
Time To Get Serious About Finances "You're going to have to find a Band-Aid while his business is slow" With four mortgages and six mouths to feed on one shrinking paycheck linked to the weakening
Mortgage lenders waste no time in passing on rate rises to customers (The Scotsman: Business) LENDERS have been quick to pass on last week's increase in the Bank of England base rate to mortgage customers.read more...
Bass Underwriters’ Texas office announced the launch of a new online program to assist agents in placing small artisan contractors, including those working on home construction.
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