Government set to tighten mortgage rules The government is expected to extend mortgage lending regulations to homes worth more than 300 million won, or more than half of apartments in Seoul, as part of its property
Cantwell Clarifies Mortgage Situation (CBS News) A spokeswoman for Sen. Maria Cantwell (D-Wash.) said Thursday that a mortgage she once had with Countrywide has since been sold to Wells Fargo. On June 17, Politico began
Mortgage broker in administration (Adelaide Now) AN ADELAIDE private mortgage broking firm has been placed in administration owing more than $9.5 million.read more...
Commissioners Pick City Crews To Work Intersection Project read more...
Rates on 30-year mortgages top 6 percent "Average rates on mortgages increased across the board this last week as the most recent economic data raised inflationary concerns in the capital markets" By MARTIN CRUTSINGER The Associated
GM says GMAC mortgage unit may not survive (San Francisco Chronicle) Bad news kept piling up for General Motors Corp. on Monday as its shares plunged to their lowest point in 60 years and the company said in a government filing
A pension plan that owns shares of Countrywide Financial Corp. has asked the mortgage lender’s board to oust Chairman and CEO Angelo Mozilo amid criticism of the company’s management and a sharp decline this year in its stock price.
The Washington D.C.-based American Federation of State, County and Municipal Employees, which counts 1.4 million members, asked the board to replace Mozilo with two independent directors to the board in a six-page letter sent late Thursday.
In its letter, the union-affiliated pension plan called on the Calabasas-based company to also replace its executive compensation committee with people who have not played a role in the committee’s actions. Read more
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