Lehman to cut 1,300 mortgage jobs (International Herald Tribune) The investment bank said Thursday that it would stop U.S. wholesale mortgage lending because of a continued slump in credit and housing markets.read more...
HBOS to sell Australian banking arm Troubled bank Halifax Bank of Scotland has agreed to sell its Australian banking business for 1.2 billion in a bid to boost its balance sheet.read more...
Shopping for a Broker on Your Terms Borrowers who don't know how to deal with mortgage brokers waste their time and that of the brokers. Such borrower ignorance also encourages brokers to be hustlers rather than
Five admit mortgage fraud roles (The Biloxi Sun Herald) Five people have pleaded guilty to federal charges of mortgage fraud for their role in a scheme run by alleged conspiracy ringleader Richard Lucas.read more...
Bellevue ready for unveiling When it comes to selling homes, Bellevue Ranch developers aren't dragging their feet.read more...
Companies, individuals face discipline for alleged mortgage fraud (KWQC-TV 6 Davenport) SPRINGFIELD, Ill. More than a dozen companies and individuals face disciplinary action for allegedly taking part in mortgage fraud involving more than 100 homes in the Chicago area.read more...
Barclays Plc said on Thursday it agreed to buy the business of HomEq Servicing Corp., a company that collects mortgage payments from borrowers, from U.S. bank Wachovia Corp. for $469 million.
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