Lehman Bros. to eliminate 1,300 mortgage jobs (AFP via Yahoo! News)
US investment bank Lehman Brothers said Thursday it was eliminating 1,300 staff as it continues to scale back its US mortgage operations amid a national housing slump.
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China regulates real estate mortgage evaluation (People's Daily) The Chinese government has decided to regulate the country's real estate mortgage evaluation sector to reduce loan risks of the banking sector.read more...
Rumors swirl around BofA, mortgage lender (The News Journal) Speculation that Bank of America may be looking to merge with Countrywide Financial Corp., the nation's largest mortgage lender, had the banking world abuzz Monday. But credit-card industry analysts said
Attorneys see need for mortgage reform (Santa Cruz Sentinel) Attorney Bill Purdy believes it's time to reform mortgage lending.read more...
Real Estate Weekly -- Dec. 9 To listen to most of the media, you would think that the only people involved in real estate investing were broken-down dot-com players searching for the next great wave, folks
Mortgage Payment Blues (Motley Fool via Yahoo! Finance) If your mortgage rate is rising, is it time to refinance?read more...
Inflation at 3% as fuel costs rise The rising cost of living has been revealed with official figures showing that the rate of inflation hit 3% last month.Commentread more...