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Royal Bank cuts residential mortgage rates by up to a fifth of a point (Canadian Business)  TORONTO - Royal Bank of Canada (TSX:RY) has cut residential mortgage rates by up to a fifth of a point, effective Friday.read more...


Wichita mortgage lenders posted stable 2007 despite turmoil elsewhere (BizJournals)  Wichita mortgage lenders in 2007 were slowed but not stopped by the mortgage crisis, according to the Wichita Business Journal's residential mortgage lenders list, published today.read more...


Lake Alfred Plans for Growth  read more...


MortgageBrokers.com Announces Hiring of Mortgage Industry Veteran Scott Mackenzie as Regional Vice President (CNW Group via Yahoo! Finance)   MortgageBrokers.com Holdings Inc. , announced today the appointment of Canadian mortgage industry veteran Scott MacKenzie as MortgageBrokers.com Regional Vice President for the Atlantic-Canada Region.read more...


Overseas properties should be eligible for new SIPPS but foreign taxes may cause complications  GRANT THORNTON Q MY WIFE and I have a property in the USA which we currently rent out to her father.read more...


Equity Is Altering Spending Habits and View of Debt (Los Angeles Times via Yahoo! News)   As they happily watch their houses swell in value, Americans are changing their attitudes toward mortgage debt. Increasingly, a home is no longer a nest egg whose equity should

March 4th, 2007

New Century Leads Drop in Shares of Mortgage Lenders (Update1) (Bloomberg.com)

March 5 (Bloomberg)—Shares of New Century Financial Corp. suffered their biggest drop ever, leading a decline in subprime mortgage companies and less-risky lenders.

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