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Pa. seeks mortgage reforms (The York Dispatch)  PHILADELPHIA -- Jennie Scott is facing higher mortgage payments next month that she can't afford on her $1,000 monthly Social Security income. The 74-year-old North Philadelphia widow took on a


FNB outlook gets a boost  The financial picture for FNB Corp. for 2004 was improved and is looking brighter for the coming fiscal year, members were told at Tuesday's annual shareholders' meeting.via


Report: Home Depot no longer pursuing EnerBank   The Home Depot Inc. has backed off plans to get an industrial loan charter so it can buy EnerBank USA , according to a report from the Associated Press


Mortgage brokers 'disguised fees'  The FSA may now take action against the worst offenders More than 200 mortgage brokers have been told by watchdogs to change misleading adverts that disguised the true cost of


SMFG posts record net in first half By Hiroko Nakata  The Sumitomo Mitsui Financial Group said Tuesday it posted a 392.3 billion yen net profit in the first half of the 2005 business year -- more than seven times the


Dodd Repeats Denial Of Mortgage Wrongdoing (NBC 30 Connecticut)  Connecticut Sen. Christopher Dodd said the controversy over two loans he received will not compromise his ability to lead Congress' efforts to ease the subprime mortgage meltdown.read more...

August 20th, 2007

Countrywide cuts 500 mortgage jobs (AP via Yahoo! News)

Countrywide Financial Corp., the nation’s largest mortgage lender, said Monday it has eliminated about 500 jobs as it tries to ride out problems from a credit crunch that has rocked the home loan industry.

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