NovaStar Cuts Off Credit Lines for Mortgage Bankers (Update2) (Bloomberg.com) April 5 (Bloomberg) -- NovaStar Financial Inc., the subprime home lender whose stock has plunged 80 percent this year, will stop financing independent mortgage bankers.read more...
The Bubble The black-tie party at Washington's swank Mayflower Hotel seemed a fitting celebra tion of the biggest American housing boom since the 1950s: filet mignon and lobster, a champagne room
Authorities declare war against mortgage fraud (Detroit Free Press) Law enforcement agencies Tuesday launched an all-out war against mortgage fraud in metro Detroit, acknowledging that the crime has devastated southeast Michigan.read more...
State banking officials investigate mortgage lender State banking regulators are investigating the viability of a mortgage lender that has brokered billions of dollars in mortgages to people with poor credit histories, after it stopped funding loans
Mortgage manager's life is busy but happy (The Beaufort Gazette) Rebecca Bass knows networking.read more...
Home Sales 'Blah' "Is it realistic for houses to back off by 30 percent?" The summer months are always slow for home sales in Las Vegas. When it's 110 degrees outside, nobody
NEW YORK -(Dow Jones)- Bank of America’s announcement on Thursday that it is planning to sell $100 billion in securities over the next several years caused short-lived weakness in the mortgage bond market.
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