Residential Mortgage Lender ResCap To Cut Jobs (WCCO Minneapolis/St. Paul) In the second major job reduction this year, Residential Capital LLC announced that it would cut 1,000 jobs due to the "deterioration of the subprime mortgage market."
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Stroud & Swondon launches online mortgage finder (Mortgage Introducer) The mortgage finder is designed to be customer-friendly and takes the best of online buying experiences, applying them to the mortgage market for the first time.read more...
Mortgage of the Week (Mortgage Introducer) The Nationwide Building Society is offering a two year fixed rate deal at a rate of 4.65%, reverting to the standard variable rate for the remaining term of the mortgage,
Banks can't sell complex financial paper Banks unable to sell complex financial paper The volatile Wall Street market has sparked vast losses at major banks and has also exposed the trillion-dollar trade in mortgage-backed securities,
BSEL Infrastructure Realty has made a tie up with Bank of Baroda to offer mortgage finance to property buyers for its seven residential towers at Ajman’s Emirates City. Under the scheme, Bank of Baroda will offer 70% of the value of the property up to a maximum tenure of 15 years, with rate of interest starting from 8.50%.
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on Saturday, March 15th, 2008 at 4:16 am and is filed under Mortgages.
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