Impac Mortgage reports loss of $2B for 2007 (AP via Yahoo! Finance)
Impac Mortgage Holdings Inc., a real estate investment trust, said late Tuesday it lost $2.05 billion in 2007 because of rising loan-loss provisions.
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Mortgage mess spreads, creates bargains (Reuters via Yahoo! News) The near collapse of subprime loans has sent aftershocks into the broader mortgage market, pressuring some companies to quit or curtail their lending.read more...
Newbury Building Society 'The Newbury' was founded in 1856 under the name of "The Newbury Permanent Benefit Building and Investment Society". It was renamed in 1934 to " The Newbury Building Society "
Moreno Valley experienced similar mortgage crisis in 1990s (The Press-Enterprise) The spike in mortgage defaults and foreclosures has sent shudders through an Inland region that experienced another housing crisis more than a decade ago.read more...
Defendants plead guilty in Cleveland mortgage fraud case (WKYC Cleveland) CLEVELAND -- Cuyahoga County Prosecutor Bill Mason announced Monday that 8 of 10 defendants pled guilty in the first case brought to trial by the Cuyahoga County Mortgage Fraud-Predatory Lending
Mortgage lender files Chapter 11 Mortgage Lenders Network USA Inc. filed for Chapter 11 bankruptcy protection Monday, becoming one of the largest casualties among so-called sub-prime lenders as the U.S. housing market slows.Commentread more...
Longs Property Is a Wild Card Could CVS Caremark's pending $2.61 billion purchase of Longs Drug Stores come undone? Dissident shareholders hope so, having intensified their campaign to disrupt the deal just as the proceedings hit