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New Century cuts 2005 earnings guidance New Century Financial Corp. on Friday cut its 2005 earnings guidance, citing compressed margins in its mortgage origination business.read more...
RBS posts profits hike Royal Bank of Scotland today signalled that levels of bad consumer debt were stabilising as it posted a 14% hike in half-year profits to 3.69 billion.read more...
Go Easy on the Brakes In but a few days, global investors have lurched from the happy hope that virtually every asset could continue going up at once, to the wrenching fear that inflation is
U.S. Mortgage Applications Down U.S. Mortgage Applications Down Posted: 2/1/2006 11:00:03 AM U.S. mortgage applications last week fell 5.1 percent, an industry group said Wednesday.read more...
Mortgage closing costs come under scrutiny (The Wichita Eagle) Is there any hope for simplifying the paper-laden, costly and often confusing American system of closing a home mortgage? Can anybody help straighten out the mess?via
Investors fret mortgage balloons will burst (The Arizona Republic) There has been plenty of talk about a housing bubble, but very little about a mortgage bubble. Now investors are starting to see worrisome signs in some banks' latest quarterly