Lehman slashes 850 jobs at mortgage group (CNN Money)
Facing markets turmoil, investment bank closes BNC Mortgage sub and scales down home lending.
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Housing Expert Berson Leads Pack Jockey Pat Day, who rode to 8,804 victories and found religion on the way, is retiring as horse racing's biggest money-winner. Plus: Extreme sports go corporate; Flyers and Forsberg make
Wachovia's new guidelines could make it harder to get a mortgage (North County Times) CHARLOTTE, N.C. ---- Wachovia Corp. is revising the underwriting policies in its mortgage loan business, a step that could make it harder to take out a home loan at the
Q&A: Sub-Prime Mortgage Market is in Crisis (Newsday) After years of a boom that, like the dotcom stock market, seemed to have no end, the country's $6 trillion mortgage securities market is in crisis. Some two dozen mortgage
Municipal Mortgage Gets NYSE Extension (AP via Yahoo! Finance) Municipal Mortgage & Equity LLC, which provides financing for multifamily and commercial developments, said Tuesday it received a six-month extension for continued listing and trading on the New York
Australia Should Escape Sub-Prime Pain - NAB Chief "I think there is probably a 50 or 60 per cent chance they would, but they may just look at what's going on in the world just now and say
Sherwood: Reverse mortgage may help For a number of older American homeowners, reverse mortgages may seem too good to be true.via