Mortgage giant stumbles (Toronto Star) NEW YORK?Wells Fargo & Co., the No. 2 U.S. mortgage lender, said yesterday fourth-quarter profit fell 38 per cent ? the first decline in more than six years ? as
Stocks stabilize despite mortgage fears (Houston Chronicle) Wall Street managed to stabilize itself today, although investors remained nervous about nagging mortgage default concerns and tumbling stock markets abroad. read more...
British regulator issues warning about subprime market "Poor sales practices in this market may lead to serious wider consequences" The Financial Services Authority says five unidentified firms face potential fines or other penalties after a review
Stocks lower on concerns of correction Wall Street extended its decline Monday as concerns about a market correction offset investor optimism that acquisition activity is on pace to set a record this year.Commentread more...
BofA plans mortgage organization changes (WAVY 10) CHARLOTTE, N.C. (AP) - Charlotte-based Bank of America today announced changes to its mortgage operations when it completes its merger with Countrywide Financial.read more...
Mittal Steel homes in on 3 downtown towers Mittal Steel Co. NV has narrowed its search for a new North American headquarters to three buildings in downtown Chicago.read more...
(ARA) – Having bad credit is not the end of the world and it’s not impossible to get a loan. Generally, credit scores below 600 are considered sub-prime and the lower your credit score, the harder it will be for you to secure a mortgage.
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