HSBC to close US subprime mortgage unit (AFP via Yahoo! News)
HSBC Holdings, the British-based banking giant, announced Friday it will close its subprime mortgage subsidiary in the United States, saying it was “no longer sustainable.”
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Mortgage rates drop slightly (KARE 11 Minneapolis-St. Paul) Mortgage rates around the country dipped for a third week in a row, pushing 30-year mortgages to their lowest level since April. Mortgageread more...
Mortgage rate lowest since early April (Tulsa World) The nation's benchmark mortgage rate has fallen for the seventh time in eight weeks, hitting its lowest level since early April.read more...
Inflated Income on Loan Application Could Be an Honest Mistake -- or Fraud Q: I bought a condominium in January 2006 for $215,000. Just the other day, I was going over some papers, including my mortgage application, and noticed that my salary was
A Design Hub Tucked Into the Park Some of the District's most dramatic houses are hidden inside Rock Creek Park, visible to passersby during only the leafless winter months. read more...
Reverse mortgage group changes code (AAP via Yahoo!7 News) The industry association representing reverse mortgage suppliers has changed its code of conduct to strengthen its "no negative equity guarantee" provision.read more...
Businesses Prepare to Mount a Concerted Attack on Regulation Washington Post Staff Writer Monday, March 12, 2007; Page A02 Call it the end of the post-Enron era.Commentread more...