H&R Block Swings to Q3 Loss on Subprime Mortgage Business (SeekingAlpha via Yahoo! Finance) Tax preparer H&R Block posted a Q3 loss yesterday on the back of writedowns at Option One, its subprime mortgage lending arm. Option One lost $69.7 million in the
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Bear Stearns Posts 4Q Losss Amid Bigger-Than-Expected Mortgage Loss (Canadian Business) NEW YORK (AP) - Bear Stearns Cos., the No. 5 U.S. investment bank, said Thursday a bigger-than-expected writedown of its mortgage portfolio caused a substantial quarterly loss.read more...
Squeezed by the mortgage mangle (The Herald) What a week it was. As the credit crunch morphed into the mortgage mangle, thousands of Scots whose fixed-term mortgages came to an end on March 31 really felt the
Some Buy a New Home to Bail on the Old In markets hit hardest by falling home prices and rising foreclosures, borrowers with good credit buy a new home -- often at a much lower price -- then bail out
Housing Blitz A number of Lakeland real estate firms are putting aside their competitive instincts in an effort to jump start a sluggish market for home sales. Starting April 4, Realtor Debbie
By MARTIN CRUTSINGER Treasury Secretary Henry Paulson said Tuesday the administration was exploring what would be a significant expansion of the program to help at-risk mortgage holders. Paulson, in an interview on CNBC, said the administration was involved in discussions with the mortgage industry to expand a current program to freeze adjustable rate mortgages for five years to include …
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