CIT Group closes its mortgage unit (USA Today)
CIT Group (CIT), the consumer and commercial finance company, said Tuesday that it has closed its mortgage lending operations, becoming the latest company to abandon the mortgage sector.
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New-Home Starts Sink As Sales Slow, Inventories Rise Housing starts dropped 6% in August from July and were down 19.8% from a year earlier amid rising number of homes on the market and slowing sales.read more...
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H&R Block posts loss on mortgage woes (AP via Yahoo! News) H&R Block Inc. on Thursday cast new doubt on the pending sale of its troubled mortgage lending arm, saying it's trying to renegotiate sales terms as credit markets continue
Slump in the sale of homes can vary by neighborhood The news that existing home sales slowed in November sent chills down the spines of some realestate industry observers, who worry about what that news might mean for the housing
Banks Give Reprieve to Stricken Homeowners With tens of thousands of homeowners in four states displaced by Hurricane Katrina, some banks and finance companies are allowing customers to forgo monthly mortgage payments for 90 days without
Pazdan-Smith Group Architects, Inc. announces new hires Pazdan-Smith Group Architects, Inc. welcomes one new member to our Healthcare Studio, and another new hire into our Interior Design Studio. via The Greenville News read more...