Types Of Bankruptcy

Dan Fogelberg Ranch in Contract  The longtime ski retreat of the singer-songwriter Dan Fogelberg is in contract . . . The former Hamptons home of author James Jones is expected to go on sale


Mortgage-fraud bill OK'd (The Arizona Republic)  To clamp down on the bad mortgage deals that inflate Valley home prices, state lawmakers gave their final approval Monday to a bill that would make mortgage fraud a felony.read


Wells Fargo discontinues popular mortgage for subprime borrowers (Lincoln Journal Star)  Wells Fargo & Co. has stopped offering a popular adjustable-rate mortgage designed for home buyers with troubled borrowing histories, becoming the latest lender to curtail its exposure to the subprime


Bank raises mortgage limits (Detroit News)  NEW YORK -- At least one U.S. mortgage bank is making it easier to get cheaper mortgages for more expensive homes and others may soon follow, pumping more money into


Across the Board: Growth stalled in nearly all sectors  It looks like we may have finally reached a "tipping point" during this relentless climb in energy prices that we've seen for the past 18 months.read more...


Mortgage Rates Inch Higher  Fixed mortgage rates moved slightly higher, on mixed interest rate signals. The average 30-year fixed rate mortgage increased to 6.57 percent, according to a weekly national survey of large lenders.read

August 10th, 2007

Wachovia cuts mortgage jobs, cites lower demand (The Charlotte Observer)

Wachovia Corp. is cutting 20 mortgage jobs in Charlotte, the company confirmed Friday. The employees worked in a department that processed new mortgage loans. The company cited declining demand for loans.Spokeswoman Christy Phillips-Brown said the company also is cutting mortgage jobs in other cities, including 42 servicing positions in San Antonio. She declined to provide a total, but said it …

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