Fees were another cash cow in subprime mortgage deals (Seattle Post-Intelligencer) Expansion of the subprime derivatives market by New York bankers created a new way to bet against the U.S. housing market and Fed demand for mortgage-backed securities.read more...
Mortgage turmoil drives Thornburg's $3.3 bln quarterly loss (Market Watch) Thornburg Mortgage Inc. on Thursday reported a quarterly loss of more than $3 billion as the company was hit hard by falling market values in its mortgage and loan portfolios.
More Amass Big Debt To Buy Real Estate A growing number of Americans are tapping into their home equity to invest in property, but there are signs that a few are starting to get burned.via
On The Move Nordby Construction has made a few changes and additions in its management team.read more...
In the Black Black does a decor good. It grounds. It anchors, but it also adds definition and pizazz to almost any interior.via
Home sellers offer a range of incentives When it comes to incentives for buyers, don't be impressed with a mere TV. Get cold, hard cash, says the Real Estate Adviser.read more...
Two honored by PHH Mortgage. Mike Dapkus, Branch Manager of Mortgage Makers, was honored by PHH Mortgage, a subsidiary of PHH Corporation (NYSE: PHH), with the prestigious “Best of the Best” award at the 20th annual Real Estate Client Conference held in June.
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