Credit turmoil spreads to plastic "We've also heard they're taking a more careful look at people with less-than-stellar credit. There's the feeling that the risk may have been underpriced in the past." The stream
Massachusetts shuts 7 mortgage firms Massachusetts bank regulators closed seven mortgage firms for allegedly operating without licenses and inflating consumer incomes on loan forms.read more...
Top Mortgage Executive Is Leaving Goldman Sachs (NYTimes.com via Yahoo! Finance) Daniel L. Sparks, head of Goldman Sachs?s mortgage division, is leaving after a successful bet on the declining value of subprime home loans helped the company produce record earnings
MFA Mortgage posts loss in 1Q tied to asset sales (AP via Yahoo! Finance) MFA Mortgage Investments Inc., an investor in mortgage securities, said Wednesday it swung to a loss during the first quarter due to losses taken on asset sales and the
Realtors: U.S. housing slump will persist through 2008 "Housing will continue to be a drag to economic growth all the way through 2008" U.S. home sales and prices will fall further in 2007 and the housing slump
TWELVE specially-crafted oak doors at the Scottish Parliament are... TWELVE specially-crafted oak doors at the Scottish Parliament are having to be replaced less than a year after the building was opened.read more...
HOUSTON——June 13, 2006—It took a simple “click-to-sign” process for several Indiana consumers to close their mortgage loans on June 6 and 7, as Stewart Title teamed up with First Republic Mortgage Corp. and Trustcorp Mortgage Co. for three electronic closings using Stewart’s SureClose® online transaction management system and eClosingRoom.
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