Former mortgage lending giant faces its grim future (CNN Money) IndyMac has become the latest mortgage lender to announce what is by now a familiar routine to battered investors: Shuttered business lines, failed attempts at capital raising and massive layoffs.
Mortgage defaults trip New Century For years, mortgage banker New Century Financial Corp. was flying high amid the strong housing market and a seemingly insatiable demand by borrowers for subprime home loans to chase the
Sold! To the gentleman at the keyboard MIDDLETOWN , Admit it. You have one , an expensive item you bought but never used.via
Currencies: Pound weakens as BOE announces mortgage-swap plan (Market Watch) The British pound falls prey to profit-taking after the Bank of England announces details of a plan to let commercial banks use mortgage-backed securities as collateral for loans in an
Expect a Jolt When Opening the Electric Bill Power prices are being pushed up across the U.S., with increases sometimes soaring into double digits, due to costlier coal and natural gas, the fuels used to make 70% of
The Sky Is The Limit When Planning Your Home Theater What is a home theater? Is it a $300 theater-in-a-box product one can pick up at a local retail store, or is it the construction of a sophisticated room in
HAINES CITY | Salvation Army officials are still looking for a place to use for their thrift store and social services office in Haines City. more»
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