U.S. mortgage insurer Radian posts large loss (Toronto Star)
NEW YORK?Mortgage insurer Radian on Friday reported its second-ever quarterly loss, hurt by troubles in the U.S. housing market.
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Bankruptcy filers must attend credit counseling Separated from her husband and struggling to buy food and other necessities for herself and two daughters, Bridget Glover watched in horror as her credit-card bills mounted.read more...
Evaluating a Reverse Mortgage (About.com) If you are at least 62 years of age, have equity in your home and its your primary residence, you might be eligible for a reverse mortgage. A reverse...read more...
Ameriquest employee pleads guilty to defrauding company, investors A former account executive at Ameriquest Mortgage Co. pleaded guilty Monday to conspiring to defraud the mortgage lender and investors using $4 million in fraudulent loans, the U.S. Attorney's office
Housing Starts Unexpectedly Increased by 1,000 Last Month to 242,300 Canadian housing starts unexpectedly rose in July as low mortgage rates and job growth spurred households to buy homes, the federal government's housing agency said.read more...
Masco Corporation: Reckless Endangerment Masco Corporation employs 56,000 people who make, sell and sometimes install $12 billion worth of building materials each year for new homes and remodels. via The Retail Stock Blog
Investec rescues mortgage lender Kensington (Times Online Sunday) Investec, the South Africa bank, has agreed to rescue Kensington, the troubled sub-prime mortgage lender, which admitted today it is no longer able to raise financing to support its business.read