Funds may sidestep some of the fallout from subprime lenders
Investors fishing mutual fund statements from the mailbox might take a look at their neighbors’ homes and wonder whether any will cost them money.
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GM finance business sells majority interest in mortgage division (Mohave Valley News) DETROIT (AP) - General Motors Corp., struggling with big losses, slow sales and high labor costs, said Thursday it sold a majority interest in its commercial mortgage division in a
IndyMac ties its profit warning to housing slowdown IndyMac Bancorp Inc. shares fell nearly 8% at one point Tuesday as the mortgage lender said the U.S. housing slowdown will cause a big fourth-quarter earnings shortfall.Commentread more...
Mortgage applications fall to 3-year low (The Charlotte Observer) The number of mortgage applications filed last week fell to the lowest level in more than three years, more evidence the U.S. housing market is stumbling. The Mortgage Bankers Association's
Raiffeisen Makes New Acquisition Raiffeisen International will complete its acquisition of Impexbank next year. The group decided to reorganize Impexbank as part of its subsidiary, Raiffeisenbank Austria, and use the Raiffesen brand for the
British homeowners 'take most risk' UK households take on more uncertainty about the levels of their mortgage payments than borrowers in almost any other country in the world - and are significantly worse off for
Fannie Mae Views San Diego With Trepidation Widely seen as a forerunner in national real estate trends, San Diego County is being viewed "with some trepidation" by lending giant Fannie Mae as its housing market cools.read more...