UPDATE: Mortgage Borrowers In Turmoil As Lenders Cut Off Riskier Loans (Nasdaq) CHICAGO (Dow Jones) -- Some nontraditional mortgage loans have vanished from lenders' menus, while others have gotten more expensive during an eventful week for those in the mortgage industry.read more...
Wells Fargo Profits Up, but Misses Goal Wells Fargo & Co., the fifth largest bank in the United States, said Tuesday its net income grew 8 percent in the fourth quarter from a year earlier, but profits
Concerns grow over UK mortgage market in harsher lending climate (Banking Business Review) Two news reports in the UK have pointed to the apparent fragility of the mortgage market, with home repossessions rising in London and regulatory concerns over sub-prime lending trends.read more...
Panel Approves Impact Fee Cut Ordinance BARTOW | Impact fee cuts for economic development and work force housing were approved 4-1 Wednesday following a sharp debate by members of the Polk County Commission.
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House is Right, Price is Plight And the average sales price topped that, rising 16.5 percent, to $301,501, from $258,843 a year ago.read more...
Countrywide CEO doesn't see mortgage rebound until 2009 (bizjournals.com via Yahoo! Finance) Countrywide Financial Corp. CEO Angelo Mozilo told those attending the California Mortgage Bankers Association conference in San Francisco this week that he expects more trouble for the mortgage industry
“Based on all the facts and circumstances, the board has determined that an emergency exists requiring expeditious action on the proposal”
The Federal Reserve on Tuesday cleared the way for JP Morgan Chase & Co. to acquire Bear Stearns’ bank holdings. via MyFOX Atlanta
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