First BanCorp recovers $2.4B from Doral
Puerto Rican banking company First BanCorp said Wednesday it recovered $2.4 billion of its $2.9 billion in loans to mortgage lender Doral Financial Corp.
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Verizon and BuilderMT will Jointly Market to Bring Mobile Workflow... LAKEWOOD, Colo. -- -- Jan. 3, 2006 -- BuilderMT, the nation's leading provider of workflow management software for residential homebuilders, today announced it has formed a joint marketing agreement with
British government to take control of troubled mortgage lender (International Herald Tribune) Britain will nationalize the troubled mortgage lender Bradford & Bingley and is discussing the sale of its accounts and branches, people in the banking industry said Sunday.read more...
Three-quarters of mortgage deals scrapped - with more expected to follow (Daily Mail) More than 75 per cent of the mortgage deals which were available last summer have disappeared. The number of available loans on the market fell below 4,000 yesterday as a
Consumer Confidence Hits 3-Month Low Consumer confidence slid to a three-month low as people fretted about the direction of the economy and their own balance sheets in the months ahead.read more...
Struggling National City looks to sell itself National City is looking to sell itself as it struggles to remain viable in the face of mounting mortgage-related losses and a nose-diving stock price. via Blown Mortgage Blog
Get Top Dollar for Your Home With interest rates still low and a lean inventory of homes available, it's a good time to sell your home.read more...