Interest Rate Roundup Here's a look at the state of interest rates on five common consumer banking products and the latest rates from Bankrate.com's weekly national survey of large banks and thrifts.read more...
Bank chief warns of further gloom "Essentially this does widen the scope of the guarantee to pretty much the whole balance sheet." The Treasury has made a fresh move to shore up Northern Rock as
Sales of New Homes Fall Sharply Sales of new homes fell for a second consecutive month in February, dimming hopes for a rebound soon in the troubled housing market and raising fears about the health of
Wilbur Ross turns his attention to the ailing mortgage business (International Herald Tribune) A firm controlled by the investor, who made his name by buying and reviving distressed companies, bid $435 million last week to buy the service unit of American Home Mortgage,
Former congressional candidate Taff gets 15-month prison term A federal judge sentenced former congressional candidate Adam Taff today to 15 months in prison for wire fraud and misusing campaign funds in a mortgage-fraud case.read more...
home sales in 2006 have biggest drop since 1990 New-home sales fell in 2006 by the largest amount in 16 years, but they were up for a second consecutive month in December, raising hopes that the worst of the
NovaStar Financial, Inc. (NYSE: NFI), a residential lender and mortgage Real Estate Investment Trust, today announced its warehouse lending unit, NovaStar Capital, Inc., has adopted a new name, WarehouseUSA Capital Corp., to better reflect its growing business and market coverage.
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