CHRONOLOGY-N.Rock to halve mortgage book, cut 2,000 jobs (Reuters via Yahoo! UK & Ireland News) British bank Northern Rock said on Tuesday it would cut a third of jobs and shrink its mortgage lending by half as it aims to repay billions of pounds to
Mortgage applications fall last week: MBA (Reuters via Yahoo! News) Mortgage applications fell for a second consecutive week, led by a decline in home purchase loans, as interest rates hit their highest levels since early December, an industry trade
British mortgage bank Bradford and Bingley in talks over its future (MSN Money Canada) LONDON - The troubled mortgage lender Bradford and Bingley is talking to regulators and financial institutions over its future, Britain's Treasury confirmed Saturday.read more...
GM to Cut Dividend, Salaried Workers read more...
US weekly mortgage applications rise 0.9% (New Ratings) NEW YORK, July 18 (newratings.com) - US mortgage applications witnessed a marginal 0.9% increase last week, on a week-to-week basis, according to data published on Wednesday by the Mortgage Bankers
Federal mortgage aid to advance in Senate (AP via Yahoo! News) Hundreds of thousands of homeowners could get safe, cheaper loans rather than losing their homes under a massive election-year mortgage rescue that's drawing bipartisan support.read more...
What if your mortgage company goes out of business? What if your pre-approval to buy a home is through a lender that’s on shaky ground? The closings of scores of mortgage lenders nationwide and the threat of more to come are a source of genuine concern for many consumers.
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