Recovery Slow In Year Since Coffeyville Flooding A year after a refinery oil spill into floodwaters blanketed a third of the southeast Kansas town of Coffeyville, little remains in the area that was damaged.read more...
From Delinquent to 'Best Possible Outcome' An uncomfortably large proportion of my mail these days is from borrowers with serious payment problems. In most cases, I can't help them. In a few cases, I try.
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National City Closes Mortgage Unit Sale (AP via Yahoo! Finance) National City Corp. said Tuesday it has completed its $1.3 billion sale of mortgage lender First Franklin and affiliates to Merrill Lynch & Co.read more...
U.S. Housing Starts Climb; Philadelphia Manufacturing Unexpectedly Weakens U.S. housing starts rose 0.2 percent last month as low mortgage rates and an improved job market kept homebuilders on pace for their best year since 1978.via
Arts center seeks go-ahead; Wilder repeats demand for cutback (Reg Req'd) The Virginia Performing Arts Foundation wrote a check for $142,547 to the city Monday in hopes of keeping work on the downtown Richmond arts center on schedule.read more...
Countrywide Reports Losses From Mortgage Problems (Washington Post) Countrywide Financial, the nation's largest mortgage lender, reported that it lost $1.2 billion in the third quarter, its first such loss in 25 years.read more...
IndyMac Bancorp Inc. said Tuesday that it will close regional wholesale mortgage centers in Kansas City, Tampa, Philadelphia, Boston and Columbia, S.C., as a result of the continued downturn of the mortgage market.
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