Thornburg Mortgage Stock Plummets (AP via Yahoo! Finance) Thornburg Mortgage Inc. shares plunged nearly 60 percent after a lender issued a default notice, prompting bankruptcy fears and downgrades by a credit rating agency and a brokerage firm.read
Fire Destroys A Motor Home, Damages Houses POLK CITY | A fire destroyed a Polk City home and a motor home Tuesday afternoon and caused minor damage to three nearby houses. Investigators are trying to determine what
U.S. warns lenders against risky products Rising interest rates are prompting U.S. banking regulators to warn lenders against overly risky loans that could go bad as the cost of money goes up.via
Slowing home market to ripple through job market (USATODAY.com via Yahoo! Finance) As the housing market slows, there will likely be a lot of people bailing out of their real estate jobs and other professions related to housing - appraisers, mortgage
Brokers challenge builders' lender ties (BizJournals) JACKSONVILLE -- Kevin Patrick isn't worried about home builders taking business away from his fledgling mortgage company by beating his interest rate on new home purchases.read more...
Bill Targets Foreclosures, Mortgage Fraud (ABC 7 Denver) State lawmakers are trying to get a handle on Colorado's skyrocketing foreclosure problem. One group is trying to do that by regulating mortgage brokers.read more...
The rolling tsunami of home-loan delinquencies and foreclosures is exposing serious problems in the mortgage industry’s capacity to quickly handle borrowers’ requests for help—whether loan modifications, rate freezes or short sales to ward off foreclosure.
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