Market miscellany
A month ago many in the City were ready to call time on the big pub groups. Punch Taverns, the UK’s second biggest pub landlord, was one of the victims – the shares slipped by more than 8 per cent to 623.5p in …
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GMAC Slashing Work Force, Reduces Mortgage Lending (CBS News) Lender GMAC Financial Services says it will close 200 retail offices and lay off about 5,000 employees as part of plan to scale back its mortgage lending and servicing operations
National City may sell mortgage unit (bizjournals.com via Yahoo! Finance) National City Corp. said Monday it is considering selling its First Franklin mortgage lending unit.read more...
Methodists celebrate completion of mortgage payments for center (KATC3) WOODWORTH, La. A weekend ceremony in the town of Woodworth celebrated the payoff of the mortgage for a state gathering place for Louisiana methodists.via
Thornburg Mortgage acquires Adfitech Inc. (bizjournals.com via Yahoo! Finance) Thornburg Mortgage Inc. has acquired Adfitech Inc., a provider of quality control, audit and document delivery services for the mortgage industry.read more...
World's largest mortgage providers teeter on the brink of collapse (Independent) America's regulators were last night shoring up the country's financial defences, after one of the biggest bank failures in US history sparked fears about the viability of the world's
HUD insures Kaleida mortgage for Millard Suburban (The Buffalo News) The U.S. Department of Housing and Urban Development has agreed to insure a $76 million mortgage loan for Kaleida Health.read more...