Subprime lender NovaStar firing 37 percent of staff NovaStar Financial Inc , a subprime mortgage lender, said on Friday it will fire about 500 employees, or 37 percent of its work force, as it reduces home loans
Kranek Seeks to Be A Voice for the People AUBURNDALE | William K. Kranek Sr. doesn't need a lot of bells and whistles to get his name on the campaign trail.A simple handshake will do."If I have to win
Senate Changes Bond-Selling Proposal The State Senate hopes to sell 1-billion dollars in bonds over 10 years. The plan is to encourage investment in Michigan's struggling economy.via
Analyst: Mortgage industry still facing layoffs (The Arizona Republic) The mortgage industry still isn't out of the woods and faces substantially more new layoffs, according to a report.read more...
San Bernardino's bad luck underlies its crime wave As daylight faded in San Bernardino, Reggie Brown, 12, traced a familiar path on his red bike: from Home Avenue to the white house on Magnolia Street where his friend
Calif. Mortgage Default Notices Hit 15-Year High (CBS 13 Sacramento) A new report about California home loans shows mortgage defaults rose to a 15-year high in the state during the fourth quarter of 2007.read more...
Banks have agreed to extend to Jan. 31 an agreement not to foreclose on customers of the bankrupt Personal Financial Management mortgage company. Friday, Nov. 30, had been the original deadline.
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