Wells Fargo shutters nonprime mortgage unit (CNN Money)
Hurt by a slump in the housing market, the mortgage lender will cut 170 jobs when it shuts down operations in Louisiana and Iowa.
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S Korea's Abs Issues Jump in First Half The issuance of asset-backed securities in South Korea surged in the first half of the year as property developers resorted heavily to the instrument to raise funds, the nation's financial
Buyer Beware: How To Avoid Trouble When Building A House Building a new home can be a rewarding experience but consumers who aren't careful can lose their life savings.via
Gripes about mortgage lenders on rise in Oregon (The Oregonian) A rising tide of mortgage complaints is flooding state regulators, who are responding with more consumer education and increased enforcement against bad lenders.read more...
Mortgage applications fall again (CNN Money) NEW YORK (Reuters) - Applications for home mortgages fell last week, its third consecutive drop, as refinancing activity waned and interest rates reached four-month highs, industry group figures showed Wednesday.read
Fitch Mulls Mortgage Insurance Downgrade (AP via Yahoo! Finance) Fitch Ratings is considering slashing its rating on some of the biggest mortgage insurers in the country, saying Monday a spike in unpaid home loans is triggering more claims.read
Your Money Matters: Dealing with Rising Mortgage Interest Rates (Advocate Tribune) (ARA) - Many Americans are asking themselves what they should be doing in the wake of rising, and sometimes, fluctuating mortgage rates. It's an important question because for many Americans