Countrywide Rescued By Bank of America
The $4 billion all-stock deal could build a bulwark against the mortgage-default crisis by protecting one of its biggest casualties from collapse.
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Selling Your Home at a Loss IT'S A HOMEOWNER'S worst nightmare: selling your home at a loss . Sadly, with the real estate market slowing, more folks are discovering that, yes, this can actually happen.
Group sees 'soft landing' Bay Area housing market will cool, but not collapse The Bay Area's housing market is expected to cool next year but not completely freeze out gains in housing sales and appreciation, the chief economist for an industry trade group
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30-Year Mortgage Rate Declines to 6.28% (Los Angeles Times) Mortgage rates around the country, which had been moving upward, dropped this week, offering a dose of good news for prospective home buyers.read more...
Madigan goes after mortgage predators (Chicago Tribune) Lawsuit says 2 firms duped homeowners Calling mortgage fraud "a cancer that is eating away at our neighborhoods," Illinois Atty. Gen. Lisa Madigan announced two lawsuits Monday against
Washington Mutual cutting 2,500 mortgage jobs Washington Mutual announced 2,500 job cuts at its home-loan business late Wednesday, another sign of a cooling real-estate market.read more...
January 13th, 2008
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