Thornburg Mortgage Posts $3.31 Billion Loss (New York Times)
Before paying preferred dividends, Thornburg Mortgage lost $3.31 billion, or $20.64 a share, in contrast to a profit of $75 million, or 62 cents a share, a year earlier.
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Clark County home construction remains weak in July Clark County home construction, as measured by building permits, remained weak in July, off 58 percent from the same month a year ago as builders wait out the overbuilt market.read
Lowe's outlook cut helps drag down other retailers "Consumers are just nervous right now and hesitant to spend money." Shares of Lowe's Cos fell more than 5 percent on Tuesday after the home improvement retailer cut its
Citigroup restructures, integrates mortgage businesses (USA Today) Citigroup (C) is planning to integrate its various mortgage businesses from originations to securitizations according to a Tuesday memo to Citi employees.read more...
2 plead not guilty to data scam at Countrywide A former senior analyst for Countrywide Home Loans and another man have pleaded not guilty in an alleged scam to download and sell customer data from the mortgage lender.Ex-Countrywide employee
Business News: Glouco merchants sponsor contest "This has been a long winter and so many people have suffered from different illnesses" Gloucester County merchants are sponsoring a contest in which they will spruce up and
How can home buyers prevent mortgage flipping? (Hattiesburg American) So-called mortgage flipping schemes would have little impact on the general public, said Lee Fedric, president of Community Bank. "If there's money lost and the government guaranteed the loans, ultimately