Fla. subpoenas lender for mortgage information (Mohave Valley News) TALLAHASSEE, Fla. - Florida's attorney general is investigating Countrywide Financial Corp., the nation's largest mortgage lender, for possible unfair and deceptive business practices related to its home loans.read more...
Rise in Britons' mortgage spending (UPI) First-time British homebuyers spend more of their income on mortgage costs than at any time in the past 16 years, an industry association says.read more...
Subprime Woes story In a Feb. 23 story about the subprime mortgage industry, The Associated Press reported erroneously that Novastar Financial Inc.Commentread more...
McKnight will build on growth in real estate Anne McKnight was lured out of retirement two years ago to return to the business of homebuilding, which had been her profession since the early '80s. McKnight's homecoming was at
Northern Rock board submits revised rescue plan for British mortgage lender The board of struggling bank Northern Rock PLC said Friday it has submitted a revised rescue plan involving a larger amount of new equity to the British government. via
Tips to Make That New Roof Last via
Bank of America Corp.’s $4.1 billion rescue of Countrywide Financial Corp. could help stem economic turmoil by giving global investors more confidence in the battered U.S. mortgage industry. It also bolsters arguments that government intervention isn’t the only way to assist struggling companies and settle nervous credit markets. But experts say it’s nowhere near a complete fix for the U.S. ...
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