Lehman to halt mortgage lending (The News & Observer)
Lehman Brothers Holdings said it will cease wholesale mortgage lending in the U.S. because of the continued housing slump, a move that includes 1,300 job cuts and a $40 million charge.
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Tax Break Aimed At New Home Loans The mortgage-insurance deduction will help first-time home buyers who are unable to put down 20%. read more...
The Anxiety and Mystery Of Architect Fees Most people have no clue how much it costs to hire an architect, and with good reason. The way most architects charge for their services is confusing. read more...
Finishing up at Westwood High School Town officials are holding a series of meetings with the bonding company responsible for the high school construction to finish several incomplete jobs.read more...
Bank and Thrift Earnings Return to Record Level in the Third Quarter: ... Bank and Thrift Earnings Return to Record Level in the Third Quarter Income rose more than four percent over second quarter; trading revenue up 84 percent Commercial banks and savings
Home Improvement on the Increase as Custom Home Building Decreases Bathroom remodeling, kitchen remodeling, attic remodeling and basement remodeling are on the rise.read more...
Mortgage losses hurt National City in Q1 (South Florida Business Journal) A "difficult environment" for its mortgage operations took National City Corp.'s earnings below analysts' expectations for the first quarter, the bank said.read more...