Wells Fargo cuts 191 jobs from mortgage arm (BizJournals)
Wells Fargo & Co. is axing 191 workers at its home mortgage operations center in Tempe as part of a housing slowdown-driven cutback.
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$50 million settlement reached with Ameriquest Mortgage Co. The Alameda County District Attorney's office said today that California borrowers will receive up to $50 million in restitution as part of a settlement in a case accusing Ameriquest Mortgage
Fed's Olson says US mortgage portfolio very strong (Reuters via Yahoo! News) The U.S. mortgage portfolio remains strong despite some pockets of concern while the rapid growth of nontraditional loans raises issues about fairness and risk, Federal Reserve Governor Mark Olson
a very Merry Christmas to you. "Government big enough to supply everything you need is big enough to take everything you have ... The course of history shows that as a government grows, liberty decreases." -
Hometown Banks Can Be Lifesavers read more...
Mortgage Group Pays Lobbyist $1.14M (AP via Yahoo! Finance) The mortgage insurance industry's trade group paid a lobbying firm $1.14 million in 2007 to advance its position on legislation dealing with the housing market slump and mortgage mess.read
Bathed in luxury "People can do so much more than a light switch for the vanity and one for the shower. Plus, lighting is a relatively inexpensive way to upgrade your bathroom."