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Countrywide Cuts Foretell Loss of U.S. Mortgage Jobs (Update1) (Bloomberg.com) Sept. 10 (Bloomberg) -- The worst U.S. housing slump in 16 years may lead mortgage companies to eliminate almost 100,000 jobs, more than double the number already cut this year.read
Mortgage rates at nearly-4-year high for 2nd week (CNN Money) Mortgage rates rose for the fourth consecutive week, to the highest level in nearly four years, Freddie Mac said Thursday.read more...
New Ways to Evaluate Credit 'Unscoreables' For some first-time home buyers, credit is a tougher hurdle than coming up with the down payment: These buyers are what lenders call "unscoreables," or they have such thin
No simple yes or no on adjustable-rate mortgage (Chicago Tribune) As home prices accelerate at double-digit rates, many first-time buyers have relied on interest-only or zero-down payment loans in order to afford a home. And though not paying toward principal,
Banks Mine Data To Build Mortgage Relationships (Business Intelligence Pipeline) Mortgage bankers are mining and analyzing data to get a bigger bang for their relationship buck.read more...
GM to end employee pricing program General Motors Corp. on Thursday said it will end a promotion under which it has been selling U.S. consumers new cars and trucks at the same low prices its employee