State names mortgage audit chief (Pioneer Press)
A former Cottage Grove cop and investigator will be auditing Minnesota mortgage companies as the state works to tighten up its regulation of the turbulent industry.
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Wachovia 3Q Profit Up, Revenue Soft Shares of Wachovia Corp. dropped sharply Monday after the nation's fourth-largest bank reported softer than expected third-quarter revenue amid a difficult interest rate environment.Commentread more...
Mortgage Traders to Lead Bonus Declines in 2008, Johnson Says (Bloomberg.com) Nov. 7 (Bloomberg) -- Mortgage-traders' bonuses may drop by as much as 15 percent after rising U.S. subprime home-loan defaults sparked a slump in demand for the securities, compensation consultant
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No down payment for house? No sweat Until recently Michelle Hupton figured you had to have money in the bank to buy a house.read more...
Long Island mortgage firm lowers estimates (Crain's New York Business) American Home Mortgage Investment Corp. said first quarter and full year mortgages would be lower due to weaker market conditions.read more...
Fed's Bernanke Says Treasury Yield Curve Doesn't Signal Economic Slowdown March 20 -- Low long-term bond yields aren't signaling a slowdown and reflect investors' confidence in low inflation and stable economic growth, Federal Reserve Chairman Ben S. Bernanke said.read more...