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Merrill May Buy Mortgage Lender, Boost Trading, Fakahany Says (Bloomberg.com)  May 11 (Bloomberg) -- Merrill Lynch & Co., preparing for its biggest expansion since the 1990s, plans to buy a mortgage lender, triple its corporate investments and increase trading bets


Unclaimed boxes in attic hold store's credit ledgers on area folks  LYNDEN, Washington + Commercial building owner Sherman Bronsink recently made the discovery of a lifetime in the attic of Lynden's Delft Square, the former Lynden Department Store.via


Shrink Your Mortgage  Most homebuyers face at least 25 years weighed down by a mortgage millstone. But a simple way to shrink that debt is a "current account" or "offset" mortgage.via


Dow, S&P flat; commodity rally offsets mortgage woe (Reuters via Yahoo! News)   The Dow and S&P closed little changed on Monday as surging commodity prices boosted shares of mining and energy companies, offsetting fears that a cash squeeze at a high-profile


Silver lining?  So as I understand it, none of the major lenders are writing home loans in New Orleans, and none of the insurance companies are writing homeowner's policies, which basically means


Barriers to housing on border targeted  Check out what's going on in and around Tucson, with the Citizen's new events calendar.via

November 26th, 2007

Mortgage Related Losses May Cause Citigroup To Cut More Jobs (NY1 News)

There could be more job cuts coming at financial giant Citigroup. The company says it is looking to lower costs in anticipation of end of the year losses. Mortgage related losses have done considerable damage to the company’s finances.

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