Foreclosures, delinquent loans up in S.D Delinquent mortgage loans and foreclosures have gone up since last year in South Dakota, according to the National Delinquency Survey from the Mortgage Bankers Association.Commentread more...
Citigroup to Shed Nearly $500 Bil. in Assets The company's new chief executive wants to continue with a global banking model. NEW YORK | Citigroup Inc.'s new chief executive, Vikram Pandit, plans to stick with a global banking model after months of intense review - but only after shrinking the company
2008 mortgage originations to hit 8-year low: MBA (Reuters via Yahoo! News) Mortgage originations will fall next year to the lowest levels since 2000, forcing job losses for at least 30,000 more home finance professionals, according to a forecast released on
Dollar steady near two-week euro highs after strong US inflation data The dollar briefly struck a two-week high against the euro on news that US producer prices rose a larger-than-expected 1.0 percent in July due to higher prices for automobiles and
Washington Mutual Net Rises as Mortgage Loss Eases (Update1) (Bloomberg.com) July 18 (Bloomberg) -- Washington Mutual Inc., the biggest U.S. savings and loan, said second-quarter profit rose 8.2 percent as losses on mortgage lending narrowed and expenses fell.read more...
General Electric's WMC Mortgage Cuts Subprime Jobs (Update3) (Bloomberg.com) March 9 (Bloomberg) -- General Electric Co.'s U.S. mortgage unit will curtail lending and fire 460 workers, or 20 percent of staff, amid a rise in defaults by people with
A lawsuit against one of the Web’s premier sites to shop for a mortgage underlines the difficulty consumers can have in locating reliable financial information online.
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