Subprime-lending index hit by latest mortgage-industry woes (Market Watch) NEW YORK (MarketWatch) -- Corporate bonds of subprime-mortgage companies sold off sharply Monday, after besieged New Century Financial Corp. said that its lenders are cutting off its credit lines, while
FSA slams UK sub-prime mortgage market (Daily Telegraph) The Financial Services Authority has slammed sub-prime mortgage lenders and advisers in a damning new report.read more...
BankUnited income rises 45 percent for quarter Coral Gables-based BankUnited Financial Corp. reported net income rose 45 percent to a record $19.7 million for the quarter ended March 31.read more...
Home on the Rez; Housing on reservations an enigma WINDOW ROCK , An increase in economic development in Native American tribes may pose a problem for housing development, according to a recent study by the National American Indian Housing
ETFs: Another choice for your 401(k) Exchange traded funds might be cheaper than mutual funds.read more...
GE's mortgage unit slashes 20% of work force (CNN Money) The mortgage lender is laying off 460 staffers at its WMC Mortgage unit, a spokeswoman says.read more...
WASHINGTON - Freddie Mac, the mortgage company, reported Thursday that the average rate for 30-year, fixed-rate mortgages rose for the second straight week this week to 6.42 percent, up from 6.34 percent last week. Rates on 15-year fixed-rate mortgages, a popular choice for refinancing, averaged 6.09 percent this week, up from 5.98 percent last week.
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