Buyers Calculate Value of Efficiency About two years ago, when Kevin White and his wife, Tricia, were searching for a new home, the last thing on their minds was energy efficiency. via The Washington
Freehold regulation to boost property market DUBAI , Awakening of Dubai into the freehold property market has changed the scenario of the real estate market in the country.read more...
Kristof: Credit card complaints on the rise Another creditor , a retailer , lost one of her payments and temporarily dinged her credit report.read more...
As Homeowners Face Strains, Market Bets on Loan Defaults As the subprime market begins to show some cracks a new breed of investor is using financial instruments to bet against mortgage borrowers they consider most likely to suffer in
Home improvement contracts considered The bill would not require contractor licensing or protect consumers from fraudulent contractors who collect payments without doing any work.via
Mortgage application index falls 3.4 percent (Baltimore Sun) Drop in loan requests is fourth in five weeks WASHINGTON // Mortgage applications fell to the second-lowest level this year on fewer home purchases and less refinancing, a
“We have adjusted our staffing levels to be in line with current business requirements.”
Merrill Lynch & Co. on Monday said it will cut jobs at its First Franklin Financial Corp. unit, which it acquired less than a year ago, as weakness in the mortgage market weighs on the lender’s business.
The world’s largest brokerage, which paid $1.3 billion to buy First Franklin in December, would not detail how many jobs would be cut. First Franklin had 2,800 employees at the start of the year. Employees of the San Jose, Calif.-based mortgage lender were informed last week of the cuts.
Merrill rival Lehman Brothers Holdings Inc. already cut more than 2,000 positions in its mortgage lending unit, and competitor Bear Stearns Cos. shed about 240 jobs. Read more
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