IBM launches Charlotte mortgage unit (bizjournals.com via Yahoo! Finance)
IBM Corp. is forming a business unit in Charlotte to offer mortgage-origination services.
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Alt-A mortgage losses accelerate, threatening MBS, study says (Market Watch) SAN FRANCISCO (MarketWatch) - Losses on so-called Alt-A home loans are accelerating and could hit the value of lower-rated portions of some mortgage-backed securities, according to a study released on
Mortgage Rates Will Remain Under 7% You can watch markets for a long time and not see a one-week reversal in psychology - and reality - as large as this.read more...
County office a drain Lackawanna County taxpayers are paying $5,756 a month to lease empty office space downtown amid a dispute over who needs to take the next step in getting it ready for
U.S. MBA's Mortgage Applications Index Fell 3.4% Last Week (Bloomberg.com) June 20 (Bloomberg) -- Mortgage applications in the U.S. fell last week, signaling mortgage rates near an 11-month high may be starting to discourage home purchases and refinancing.read more...
Start-Up Banks Struggle Many small banks launched just a few years ago are struggling to become profitable and could be forced to sell themselves.read more...
Home owners ignoring mortgage cover (Reuters.co.uk) LONDON (Reuters) - More home owners insure the contents of their property than the mortgage they borrowed to buy it, putting their families' future at risk in the event of