Texas Bankruptcy Laws

Builders support Crist's affordable-housing goals  With the beginning of a new year, and the beginning of a new political era with Gov.Commentread more...


Freddie Mac's earns down nearly 60 percent  The earnings of mortgage giant Freddie Mac dropped nearly 60 percent in the first half of the year amid continued volatile interest rates as it emerged from its accounting crisis.read


Lynn Dorothy M. Wagner, 45, Towson mortgage banker (Baltimore Sun)  Lynn Dorothy McKenzie Wagner, a mortgage banker and mother of two young girls, died Thursday at her Towson area home after a seven-month battle with colon cancer. She was 45.


NAR Says We Cooled It: Pending Home Sales Index Dropped  The NAR released its Pending Home Sale Index [NAR] which showed that the real estate market was easing.read more...


Rate Trend Index -- Mortgages  Each week, Bankrate.com surveys experts to gauge which way interest rates are headed on mortgages -- a vital tool if you're about to buy a home.read more...


Home sales fall statewide; Detroit resists downward trend  It was tough to sell a home last year in Michigan. Sales of existing single-family homes were down nearly 14 percent from Jan.Commentread more...

October 25th, 2007

B of A to Exit Mortgage Business

In addition to scaling back its investment banking operations, Bank of America Corp. is exiting the wholesale mortgage business and eliminating about 700 jobs, according to bank officials Thursday. The move will eliminate the jobs in the bank’s consumer real estate unit. The bank shared details of the decision with The Associated Press before its public announcement scheduled for today.



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