Regions mortgage relocates, cuts jobs (bizjournals.com via Yahoo! Finance)
Regions Bank is moving its mortgage banking headquarters operations to Birmingham, Ala., and as part of the move plans to eliminate 100 jobs in Memphis.
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Real estate languishes in the heat of summer After years of strong sales, it looks like the real estate boom is taking a long-needed summer vacation.read more...
Rates rise now unlikely: ABS An imminent interest rates rise looks less likely after a swag of new data shows higher mortgage rates already having a dampening impact on the economy.Commentread more...
Freddie Mac 30-Year Average Fixed Mortgage Rate 5.65% Vs 5.71% (IWon - Money) NEW YORK -(Dow Jones)- Fixed-rate mortgage rates declined in the week to Thursday, according to Freddie Mac's (FRE) primary mortgage market survey published Thursday.via
Mortgage Crisis Spawns Class Action Alleging Harassment of Minorities (Law.com via Yahoo! Finance) The mortgage crisis has spawned a class action by African-Americans in a San Francisco suburb, alleging that the city of Antioch, Calif., has tried to force out minorities who
Depreciation The loss of value of an asset because of changes in market conditions or other causes. read more...
Bill tightening mortgage rules wins support from regulators (Market Watch) WASHINGTON (MarketWatch) -- A bill that would require licensing mortgage originators and standards for subprime mortgages won support from two federal banking regulators Wednesday.