Mortgage unit sale boosts National City’s 4Q profits (bizjournals.com via Yahoo! Finance)
A $1-per-share gain on the sale of its non-prime mortgage company added heft to National City Corp.’s fourth-quarter and full-year earnings.
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Watch out for these 'chicks' "I'm downtown a lot for meetings, and I'm surprised by how fast it's going. We've already got half the rail lines down on Fifth" Portland, Oregon Right now the
Carlyle Execs in Talks to Salvage Fund The Carlyle Group's founders are talking to creditors about how to prevent liquidation of a distressed London-based affiliate invested in mortgage-backed securities, a spokesman said Tuesday. via Hampton Roads
Rising Housing Costs Challenge PW Buyers A new study indicates that the average price for a newly constructed single-family home has topped $430,000 in the county.via
Massive Motown foreclosure auction "It's costing them too much. Even if a house brings just $100, they'll still have to sell it." Nearly 700 homes in the Detroit area will be auctioned on
Snowflake Shuffle benefits Turning Point The "Snowflake Shuffle," an informal dance sponsored by the agents and staff of Real Estate Showcase as a fund-raising event, was held this month at Sawyer Ludwig Park.Commentread more...
Anworth Mortgage Asset Corporation Announces Update on Subsidiary (Finanzen.net) Anworth Mortgage Asset Corporation ("Anworth?) (NYSE:ANH) announced today that its wholly-owned subsidiary, Belvedere Trust Mortgage Corporation ("Belvedere?), which is being accounted for as a discontinued operation, received a ...read more...