Wilbur Ross buys H&R Block's mortgage unit (USA Today) Billionaire investor Wilbur Ross will pay $1.1 billion for H&R Block's troubled Option One mortgage servicing business, which has been rocked by the nationwide mortgage meltdown.read more...
Housing market helps build job growth The still-hot California housing market helped fuel strong job growth throughout the state last month, as homebuilders and mortgage operations continued to hire thousands of new workers, according to a
Mortgage Rates Falling (FOX 35 Orlando) Sanford, FL -- Mortgage rates are falling and the trend could continue into next year making it the perfect time for homebuyers and for those looking to refinance.read more...
U.S. MBA's Mortgage Applications Index Rose 9.4% Last Week (Bloomberg.com) U.S. May 11 (Bloomberg) -- U.S. mortgage applications rose by the most since January as filings for home purchases surged to a record and more people refinanced, a private survey
Mortgage fraud case could be widening (The Charlotte Observer) Federal prosecutors are considering racketeering charges against a Charlotte real estate attorney, already a key defendant in a mortgage fraud case involving more than $15 million in loans. Victoria Sprouse
Paulson Outlines Mortgage Aid Plan (Washington Post) Treasury Secretary Henry M. Paulson Jr. unveiled new details of the Bush administration's mortgage-relief plan yesterday, including a proposal that would grant new powers to local governments to refinance the
Late credit-card payments increased during the first quarter of 2006, a sign that more Americans may be overextending their pocketbooks in order to cope with rising gasoline prices and higher interest rates.
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