Types Of Bankruptcy

Rate Trend Index -- Mortgages  Each week, Bankrate.com surveys experts to gauge which way interest rates are headed on mortgages -- a vital tool if you're about to buy a home.read more...


Mortgage default notices spike (BusinessWeek)  Mortgage defaults in California increased on an annual basis in the first quarter to the highest level in nearly a decade, a spike fueled largely by people who bought a


Rising Water Is Beautiful at a Distance but a Nuisance Up Close  read more...


Interest-only mortgage frenzy continues  Mortgage lenders continue to push interest-only home loans on many consumers who are ill-suited for them, according to Forbes.com. Given the concerns about a housing bubble , a rising tide


Norwich Union cuts payouts on mortgage endowments (Guardian Unlimited)  Britain's biggest insurer, Norwich Union, is again cutting payouts on maturing mortgage endowment policies - despite its main with-profits funds notching up an investment return of 17.7% before tax in


At Fair Housing Act event, Jesse Jackson urges the government to put pressure on lenders  "We're better as a nation, but many of us are not better off" The Rev. Jesse Jackson called on the federal government Friday to pressure lenders to restructure subprime

August 22nd, 2007

Mortgage job losses surpass 40,000 (AP via Yahoo! News)

At the North Carolina offices of mortgage lender HomeBanc Corp., Archie Clark is the only employee left. But in a few days, he’ll be gone, too. When Clark finishes helping movers from the company’s Atlanta headquarters collect computers and other property, he’ll join the more than 25,000 workers nationwide who have lost jobs in the financial services industry since the beginning of the month ? ...

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