BofA to exit wholesale-mortgage business (bizjournals.com via Yahoo! Finance)
Bank of America Corp. will exit its consumer wholesale-mortgage business, a move that will eliminate 700 jobs.
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Realty Times TV -- Mortgage Rates To Stay Low Until Year-end Editor's note: The following information is adapted from this week's script for Realty Times TV.via
U.S. mortgage rates edge up; 30-year at 6.24% Mortgage rates were little changed in the latest week, with the national average rate on the benchmark 30-year loan inching higher to 6.24% from 6.23% a week ago, Freddie Mac
Minnesota attorney general sues mortgage broker Attorney General Lori Swanson is going after a Plymouth, Minn.-based mortgage lender she blames for contributing to the housing crisis.read more...
Fannie Mae to Suspend Issuing Securities Fannie Mae said Monday that it would temporarily suspend issuing certain medium-term debt securities until May 23, the day its chief regulator will release a massive special examination into the
Hispanic-owned businesses rising in Cochise County Ceramics La Tortuga owner Luis Maytorena stands in his Bisbee store on Friday. Herald/Review BISBEE - If there's one thing you can say about Luis Maytorena, it's that he knows
Bear Stearns Profit Drops 10% as Mortgage Bonds Slump (Update5) (Bloomberg.com) June 14 (Bloomberg) -- Bear Stearns Cos., the second-biggest U.S. underwriter of mortgage bonds, said earnings fell 10 percent, the first quarterly decline in two years, as mounting home-loan defaults