Subprime mortgage problems may spread to 'Alt-A' loans (Market Watch) SAN FRANCISCO (MarketWatch) - Problems in the subprime mortgage business may be spreading to other parts of the home loan market.
Mortgage lending hits May high (Guardian Unlimited) The amount of money lent for mortgages neared a record high in May, figures showed today. A total of £28.7bn was lent to buyers and remortgagors last month, one of
Loan crisis even blindsided king of mortgage securities (The Record) NEW YORK ? Lewis Ranieri is credited with inventing mortgage-backed securities two decades ago, and recently he sounded warnings about mortgage risks. Yet he couldn't save his own company from
Countrywide to cut up to 12,000 jobs amid mortgage trouble (USA Today) Struggling lender Countrywide Financial said Friday it will cut as many as 12,000 jobs as it struggles to deal with challenging conditions in the mortgage industry.read more...
Two Northern Virginia mortgage firms to merge (Washington Business Journal) Harbourton Capital Group has signed a deal to buy all the outstanding membership interests of Molton Allen & Williams Mortgage and intends to eventually merge with the company.read more...
Are Impact Fees Fair on Manufactured Homes? read more...
TORONTO ? Xceed Mortgage Corp., a non-traditional mortgage lender, has swung to a full-year loss of $4.5-million from a year-ago profit of $22-million after posting a big fourth-quarter writedown related to turmoil in the commercial paper market.
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