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Subprime Mortgage Bust Forces Families From Homes (CBS 13 Sacramento)  Many families would never have become homeowners if not for a kind of mortgage business called subprime lending. It long seemed like a winning proposition for all parties. Now the


Home Buyers See Value in Sacramento  Lower home prices draw former Bay-area residents inland.read more...


ASB Continues 20% Plus Market Growth  Increasing preference for ASB as a business and rural banking partner, and continued leadership as a home mortgage lender, assisted the Bank to increase its after tax operating profit by


Morgan Stanley Bankers Brace for Cuts  JOHN J. MACK, under pressure to lift Morgan Stanley's profits and its flagging stock price, will take his eponymous knife to the firm's highly regarded investment banking division and dismiss


$30,000 FICO High Loan-to-value Home Equity Loan rates go down in the United States Monday  $30,000 FICO High Loan-to-value Home Equity Loan rates go down in the United States Mondayvia


Glimcher Realty takes out mortgage on mall (Business First of Columbus)  Glimcher Realty Trust said Monday it took out a $50 million mortgage on the River Valley Mall in Lancaster.read more...

June 6th, 2007

Mortgage broker fined $848,000 (The Charlotte Observer)

A mortgage company with seven offices in the Charlotte area has agreed to pay a fine of $848,000 for failing to control and supervise its employees, including allowing unlicensed employees to arrange at least 100 mortgage loans. Challenge Financial Investors Corp., which is based in Florida, also agreed to impose tighter controls on its operations as part of its settlement with state regulators, ...

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