Investors Left Holding the Bag In a Land Project Gone Wrong A failed development near Penland, N.C. shows how much the freewheeling loan climate has infused real-estate deals targeted at well-off borrowers with healthy credit records.
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Credit cards become retirees' safety net Miss Daisy has retired in the red. When she adds up her monthly bills for her mortgage, car loan, electricity, gas, water and phone, they exceed her income from Social
New Century Leads Rebound of Mortgage Company Shares (Update1) (Bloomberg.com) March 6 (Bloomberg) -- Shares of New Century Financial Corp. and rival mortgage lenders snapped back today, with the Irvine, California-based company recovering some of the 69 percent loss it
Home mortgage risks moderate (Los Angeles Daily News) Mortgage risk levels have moderated over the last six months because of more stringent lending policies, and the use of adjustable rate loans is now at its lowest point since
IndyMac Has Loss, Omits Some Dividends, Says It Won't Make Money This Year IndyMac Bancorp Inc. , the second- biggest independent U.S. mortgage company, reported a first- quarter loss, omitted some dividends and said it doesn't expect to make money for the
Inversion Turns Exercise On Its Head Rosie O'Donnell hangs upside down to treat depression. "DaVinci Code" author Dan Brown does it for a creative burst. And runner Marc Swerdlow of Highland Park, Ill., swears it alleviates
CHARLOTTE, N.C.——Wachovia Corp. is revising the underwriting policies in its mortgage loan business, a step that could make it harder to take out a home loan at the nation’s fourth-largest bank.
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