Houses for California Dreaming At the State's Median Home Price Presenting a look at three houses at the state's median price, which jumped 17% from last year to $540,900, according to the California Association of Realtors.read more...
Wachovia tightens mortgage standards (The News & Observer) Amid deteriorating conditions in some housing markets, Wachovia said Friday that it will change the way it evaluates potential mortgage borrowers, including requiring minimum credit scores and employment verification.read more...
Friedman Billings falls as spreads squeezed Shares of financial services firm Friedman Billings Ramsey fell as much as 5% Wednesday morning after it said late yesterday that its profits fell sharply and it would cut its
Temple-Inland to cut 250 jobs in mortgage unit; AT&T and BellSouth team up on Web directory. (Austin American-Statesman) CONGLOMERATES Temple-Inland to shed jobs along with mortgage business Austin-based Temple-Inland Inc. plans to shed its wholesale mortgage business and concentrate mostly on its consumer lending unit. The company, known
Time for the Government to Go Far Beyond Rate-Freeze Plan for Borrowers Last week, I predicted that the tight mortgage market will ease when investors regain their confidence, which won't happen until they see a floor in house prices and a
Tax panel targets mortgage deductions (Sun-Sentinel) If you consider your house to be a tax shelter and take glee in watching your mortgage interest deduction reduce the amount of money you owe Uncle Sam each year,
IRVINE, Calif., Feb. 12 /PRNewswire-FirstCall/—ECC Capital Corporation ( Nachrichten ) today announced the closing on February 9, 2007 of the sale of its mortgage banking business to Bear Stearns.
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