GMAC Exploring Sale of Some Parts of Mortgage Lender (New York Times)
The finance company GMAC said that it was exploring the sale of parts of its troubled mortgage-lending arm and the purchase of a non-American mortgage lender.
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Does It Pay To Avoid the Mutiple Listing Service? via
Agencies issue subprime guidance: sources U.S. banking regulators plan to issue eagerly awaited guidance on the subprime mortgage market as early as Thursday afternoon, two sources familiar with the matter told Reuters on Wednesday.Commentread more...
Lenders: Mortgage proposals fall short (The Record) Lenders and investors are concerned over legislation taking aim at the mortgage industry in response to the subprime loan crisis. A package of bills under discussion would require mortgage solicitors
American Mortgage Network Funds $1.2 Billion of Mortgages in May (Business Wire via Yahoo! Finance) American Mortgage Network , a wholesale nationwide mortgage bank and a wholly owned subsidiary of AmNet Mortgage, Inc. , reported that it funded $1.2 billion of mortgage loans in
Risky lending makes for unsafe houses THE battle among banks for market share is pushing the boundaries of safe lending practices, boosting household debt and artificially inflating house prices, a survey has found.Commentread more...
Elmendorf building habitat for locals, humanity Airmen from throughout the Elmendorf Air Force Base community are preparing to put hammer to nail in an effort to help Habitat for Humanity build affordable housing for Anchorage area