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Rising Mortgage Rates and Creative Lending May Help Borrowers, says LoanPage.com (PRWeb via Yahoo! News)   Mortgage rates are at their highest level in 10 months, and lenders are getting more creative in order to attract borrowers. While these creative options may pique borrowers' interests,


Pima County runs underage booze sale crackdown  TUCSON, Ariz. Pima County deputies have been running sting operations against liquor stores selling booze to underage buyers.read more...


Thornburg Mortgage Prices Offering (AP via Yahoo! Finance)   Mortgage lender Thornburg Mortgage Inc. said Friday it priced a follow-on equity offering of 4.5 million common shares at $27.05 each.read more...


U.S. Upgrades Investigation of GM Pickups  Associated Press U.S. Upgrades Investigation of GM Pickups 04.18.2005, 08:18 PM The government has upgraded its investigation into reports that tailgates are falling off the back of some General Motors


U.S. Index Futures Rebound on Mortgage Report; Citigroup Gains (Bloomberg.com)  April 9 (Bloomberg) -- U.S. stock-index futures recovered earlier losses after a report showed mortgage applications rose 5.4 percent last week. Citigroup Inc. advanced in Germany.read more...


Mortgage firm to let most of its workers go, report says (Seattle Times)  Kirkland-based mortgage company Merit Financial will meet with its 300 employees this morning to let most of them go as executives decide...read more...

November 28th, 2007

Bear Stearns Lays Off 650 In Mortgage Crisis Move (The Tampa Tribune)

Battered by the subprime mortgage crisis, Bear Stearns Cos. on Wednesday cut 4 percent of its staff in a move that could prelude a final push by investment banks to cull their ranks before bonuses are handed out.

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