Types Of Bankruptcy

Freddie Mac loss swells as mortgage crisis deepens (Reuters via Yahoo! News)   Freddie Mac , the second-biggest provider of U.S. residential mortgage funding, said on Thursday its loss widened to a record $2.5 billion in the fourth quarter as the housing


Biggest Mortgage Bankers - Production News From MortgageDaily.com (SYS-CON Media)  Two California lenders share the title of biggest residential mortgage banker in the country, according to a preliminary analysis of second quarter earnings data by MortgageDaily.com, the dominant source of


California's Largest Privately Owned Mortgage Broker Selects Maximizer Enterprise for Integration Capabilities (T-Net British Columbia)  Vancouver, BC, April 19, 2006--(T-Net)--Maximizer Software Inc. (TSX:MAX), a leading provider of proven and affordable customer relationship management (CRM) and contact management solutions, today announced that Diablo Funding Group, California's


Natchez church free of mortgage (The Natchez Democrat)  NATCHEZ ? Songs, prayers and words of gratitude resounded through the sanctuary of Christian Hope Baptist Church Sunday afternoon at their mortgage burning ceremony.read more...


Home Depot chief Blake says no decision yet on supply unit future  The Home Depot Inc.'s chief executive said Thursday that the company still has not decided what to do with its wholesale distribution arm, despite its announcement last month that it


Home equity loan offers advantages  Q. A friend of mine recently paid his bills during several months of unemployment by drawing on a home equity line of credit.read more...

June 11th, 2008

Thornburg Reports Loss of $3.31 Billion on Mortgage Writedowns (Bloomberg.com)

June 12 (Bloomberg)—Thornburg Mortgage Inc. , the New Mexico lender that averted bankruptcy in April, said it lost $3.31 billion in the first quarter because of writedowns on securities linked to real estate.

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