Sector Snap: Mortgage Lenders (AP via Yahoo! Finance)
Shares of most mortgage lenders rose Tuesday as a major lender raised cash through two deals and another lender drew a revised takeover offer from a suitor.
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Mortgage applications rose 3.6% last week: MBA (Market Watch) Mortgage applications filed last week rise a seasonally adjusted 3.6% compared with the week before, the Mortgage Bankers Association says. Interest rates on fix-rate mortages move slightly lower.
Prime VS. Subprime Banks and finance companies base the amount of interest they charge on loans according to the risk they take in loaning the money.read more...
British mortgage lending slowed sharply in July - BBA (Times of Malta) Mortgage lending by British banks slowed sharply in July to its weakest level in three-and-a-half years, the British Bankers' Association said yesterday, while consumer credit remained weak.read more...
Delta Financial may return to its LI mortgage roots (Newsday) The former senior management of bankrupt lender Delta Financial Corp. is launching a new mortgage company that may open retail offices -- and some employees might even be sitting at
E-Trade swings to 1Q loss as it plots mortgage recovery (AP via Yahoo! Finance) E-Trade Financial Corp. on Thursday posted its second straight quarterly loss, after the ailing online brokerage booked more charge-offs related to its mortgage portfolio and costs linked to its
County selling waterfront land to political donor RIVIERA BEACH Only months after Palm Beach County voters overwhelmingly agreed to spend $50 million to buy and save waterfront property from development, the county is doing just the opposite: