Lehman Brothers to Cut 850 More Jobs in Mortgage Unit (Update4) (Bloomberg.com) Sept. 6 (Bloomberg) -- Lehman Brothers Holdings Inc., the brokerage that shut its subprime mortgage business last month, is cutting 850 more jobs, mostly at a U.S. subsidiary catering to
HSBC sells part of Aust. mortgage book to FirstMac (Reuters via Yahoo! Asia News) HONG KONG, Dec 15 (Reuters) - Global bank HSBC Holdings said on Friday that it has agreed to sell its broker-originated residential mortgage book in Australia to mortgage lender
Is the time right for first-time homebuyers? Despite interest rates and home prices being down, millenials still have to do their homework before buying.read more...
Sales of existing homes hit all-time high Existing homes were sold in April at the fastest pace in history as the nation's red-hot housing market just kept getting hotter.via
Thornburg Mortgage Loss Tops $1 Billion (AP via Yahoo! Finance) Mortgage lender Thornburg Mortgage Inc. said Wednesday it lost more than $1 billion in the third quarter due to the fallout in the mortgage markets and elected not to
Four Ways to Fend Off Foreclosure Marshall Loeb offers tips on how to avoid losing your home if you can't pay back your loans.
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Treasury Secretary Henry Paulson said Thursday that a presidential working group wants stronger regulatory oversight of mortgage lenders to avert the kind of credit crisis that is dragging the economy down.
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