Fitch Reveiwing $92.1B in Mortgage Debt (AP via Yahoo! Finance) Fitch Ratings said Tuesday it is reviewing $92.1 billion worth of securities backed by pools of "subprime" mortgage debt, signaling widening concerns about the home loan crisis rocking the
Designer teens makeover bedrooms Emily Oskay wasn't asking for the sun and the moon when she left eighth grade, but that's exactly what the Eastside teen got when her parents let her redo her
Mortgage rates fall to 10-month low level (The News Journal) WASHINGTON -- Mortgage rates around the country fell this week, with rates on 30-year mortgages sinking to their lowest level in 10 months.read more...
As Foreclosures Rise, Mayors Brace for Fallout Local governments are scrambling to deal with the rising number of vacant properties that strain city services and soon may take a toll on property-tax revenue.
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A Year After Katrina, Many Homes Remain Abandoned in New Orleans The city is still struggling to get back on its feet. Congress has recently appropriated $10.5 billion to help local homeowners rebuild their homes, but redevelopment is likely to be
Merrill Lynch Global Mortgage Head Soltas to Leave (Update1) (Bloomberg.com) April 30 (Bloomberg) -- Scott Soltas , head of the global mortgage business at Merrill Lynch & Co. , is leaving the firm, according to people familiar with the decision.read
Capital One Financial Corp. said Monday it will cut 1,900 jobs and shutter its wholesale mortgage banking business, a move that comes as lenders continue to struggle in the nation’s housing market.
Capital One said it will shut down GreenPoint Mortgage and eliminate most of the jobs by the end of year. The company will close 31 GreenPoint locations in 19 states. Read more
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