Subprime mortgage lender files for bankruptcy, to fire 3,200 (Houston Chronicle) Subprime mortgage lender New Century Financial Corp. filed for Chapter 11 bankruptcy protection, and said it would fire 3,200 workers immediately to better position the company for a possible sale.
Resources lead TSX to 134 point rise; housing data helps send Dow to new record Canadian traders came back from the four-day Christmas holiday in a bullish mood to send the Toronto stock market up more than 130 points on Wednesday following half a dozen
The Fed, jobs, and long bonds Hey, Is the Maestro Running Short of Magic? Call it the revenge of the bond market.via
Mortgage brokers, real estate agents say interest rate drop is spurring activity (San Jose Mercury News) This week's fast decline in mortgage interest rates has created a surge of activity at Silicon Valley mortgage companies, as homeowners ponder refinancing and buyers decide whether to lock
Homes For Sale Sponsored listings for Homes For Sale: Homes For Sale Free MLS Search: Updated Bay Area Real Estate Listings. via WYJS-FM Ridgeland read more...
American Home Mortgage files for bankruptcy protection (Market Watch) BOSTON (MarketWatch) -- After laying off nearly all of its staff and closing down most of its business operations, American Home Mortgage Investment Corp. on Monday filed Chapter 11 bankruptcy.
NEW YORK ? A cancer diagnosis forced Lindsey Jennings to give up his government job. With less income, Jennings feared he might lose the home he and his wife, Pearl, built near Atlanta almost 20 years ago. So he asked for help. But Jennings, who needed to lower his monthly mortgage p…
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