Court Debates National Bank Regulation
The Bush administration asked the Supreme Court on Wednesday to push aside Michigan regulators in a confrontation of state versus federal authority in the financial sector.
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Pricing Right Sellers' Job No. 1 It seems during a slowing market, the last person to get the message that the house needs a lower price is the seller.read more...
US mortgage giant ceases business, lays off thousands (AFP via Yahoo! News) American Home Mortgage, one of the country's biggest mortgage companies, said it would cease business Friday as it becomes one of the latest casualties of a widespread housing downturn.read
Freddie Mac enhances real estate loan products (Reg Req'd) Insurance deductible hike planned to help coastal lenders, borrowers Freddie Mac today announced it is expanding the list of mortgage products available through its Web-based Selling System this summer by
KeyCorp Looks to Sell Champion Mortgage (KiplingerForecasts.com) KeyCorp is looking to sell its lending subsidiary Champion Mortgage, the financial services company said Tuesday. KeyCorp acquired Champion, based in Parsippany, N.J., in 1997. It offers mortgages and home
Guilty plea in mortgage scam (Asbury Park Press) A former mortgage broker became the latest person to plead guilty in a wide-ranging scam run by a Mahwah real estate mogul.read more...
Mortgage Rates Dip for 3rd Week Mortgage rates around the country dipped for a third week in a row, pushing 30-year mortgages to their lowest level since April.read more...