Nexen selling assets Nexen Inc. said it will use proceeds from a $946-million sale of oil and gas properties in Saskatchewan, British Columbia and Alberta to pay down debt.via
Nomura to shut U.S. mortgage unit (CNN Money) Japan's largest investment bank will take a loss of $621 million on residential mortgage-backed securities.read more...
MORTGAGE GUY IN 'ID THEFTS' (New York Post) A Queens mortgage manager was nabbed yesterday for spearheading an ID-theft operation that bilked at least a dozen home buyers out of more than $1 million, cops said. Jacob Milton,
U.S. mortgage rates reverse course, rising in wake of Fed cut (Market Watch) Mortgage rates rose this week, ending about a month-long streak of declines.
Income Tax Unthinkable, Unmentionable in Florida TALLAHASSEE - One legislative proposal would reduce Florida's rapidly rising property taxes by increasing the state sales tax. Another would have raised property taxes for homeowners to lower the bills
Citigroup restructures, integrates mortgage businesses (USA Today) Citigroup (C) is planning to integrate its various mortgage businesses from originations to securitizations according to a Tuesday memo to Citi employees.read more...
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