Types Of Bankruptcy

Hawaii mortgage rates at 5.75% (Pacific Business News)  The major mortgage lenders in Hawaii this week quoted 5.75 percent for a regular fixed-rate 30-year home loan, the Honolulu Board of Realtors reported Friday.read more...


Storing an Eyesore    Oh, no. The neighbors have brought in PODS. These portable storage containers can be one of the first hints that a home is being prepared for sale. They promise


Floyd Norris: Mortgage lender's business went sour, but not for its founder (International Herald Tribune)  The financial viability of Rams Home Loans, a major mortgage lender in Australia that financed itself in U.S. securities markets, fell apart almost as soon as it went public, and


Following building code helps keep us safe (Reg Req'd)  RIVER CAM Watch the Ohio river on our Rivercam. Get the latest river levels, and more! COMMUNITY CALENDAR Want to know what is going on in your community? Check out


Pair accused of $2.9 million real estate fraud scheme (Reg Req'd)  Complaint alleges unlicensed duo used a 'Rent-A-Credit' program to find buyers A Southern California duo are accused of perpetrating a $2.9 million real estate fraud scheme in an eight-count felony


Mortgage war hurts banks, says analyst (Stuff)  The home mortgage price war started by the Bank of New Zealand to boost its market share was not worth the damage it had done to the country's banking sector,

January 15th, 2008

IndyMac to cut 24 percent of employees

“The bottom line is that these savings are essential in our drive to return IndyMac to profitability soon”

Mortgage lender IndyMac Bancorp Inc. said today it will slash its work force by 24 percent, laying off 2,403 employees in a bid to cut costs as it tries to weather the worsening housing slump and sagging demand … via Los Angeles Times



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