GM to sell 60% stake in mortgage unit (International Herald Tribune) General Motors has said that it will sell a majority stake in its commercial mortgage business, part of a continuing effort to shield GM's financial division from downgrades of the
National City sees margin pressure, mixed credit quality National City Corp. reported slight margin compression, fewer mortgage loans originated for sale, roughly flat core deposit growth and mixed credit quality in its mid-quarter update.read more...
Free Video Shows How To Get Rid Of Your Home Mortgage In As Little As 5-11 Years And How To Be Your Own Bank, Saving ... (PR Web) In a free video at PDXLoan.com the mortgage accelerator concept of using a flexible mortgage account that banks don't want you to know is explained. Learn how to pay off
Paulson: More mortgage lender rules needed (MSNBC) The Treasury Secretary said Thursday that a presidential working group wants stronger regulatory oversight of mortgage lenders to avert the kind of credit crisis now hurting the economy.read more...
Sky's the limit for future housing Over the past 100 years, home building has evolved and matured, yet the basic exterior appearance has not changed much. via The Toronto Star read more...
UBS Falls After Saying More Mortgage Losses Possible (Update2) (Bloomberg.com) May 26 (Bloomberg) -- UBS AG , the European bank hardest hit by the U.S. subprime contagion, fell the most in more than two months in Swiss trading after saying
“They’re not really being realistic about what the place is worth”
Home prices plunged by record levels in January from a year ago, with almost no major cities immune from the spiraling market. via Massillon Independent
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