Types Of Bankruptcy

Mortgage approvals fall during January (Financial Times)  The number of mortgage approvals fell in January compared with the previous month but have rebounded from the low point touched a year earlier, according to data released yesterday.read more...


Signature merges with BancorpSouth  Springfield's The Signature Bank will merge with BancorpSouth, a Tupelo, Miss., publicly traded bank.Commentread more...


Mortgage adjustments spark foreclosures (Lawrence Journal-World)  New York ? In 2003, Anita Britten refinanced her two-story brick cottage in Lithonia, Ga., using a hybrid adjustable rate mortgage, or ARM. Her lender reassured her that she could


Cash-out refinancing vs. home equity loans  Tapping your equity through a cash-out refi can be a savvy move depending on your needs, interest rates and current mortgage. Both tap equity but in different ways.read more...


Foreclosures  Mortgage foreclosures filed with the civil division of the Circuit Court for August 2007. Names in bold are the subject of, or have an interest in, the foreclosure action. Lighter


Crisis was accident waiting to happen: Greenspan  "If the crisis had not been triggered by a mispricing of securitized U.S. subprime mortgages, it would eventually have erupted in some other sector or market" By Emily KaiserWASHINGTON

April 19th, 2007

Home mortgage lender ResCap to cut 1,000 jobs as US subprime mortgage market deteriorates

MINNEAPOLIS, Minnesota: In the second major job cut this year, Residential Capital LLC announced it would eliminate 1,000 jobs due to the “deterioration of the subprime mortgage market.” The Bloomington, ... via International Herald Tribune



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