Asia Day Ahead: Fed to Take on Mortgage-Backed Debt (Update1) (Bloomberg.com) March 12 (Bloomberg) -- U.S. stocks rallied the most in five years after the Federal Reserve said it will pump $200 billion into the financial system to shore up banks
180 jobs being cut in Washington Mutual loan center in Lake Worth A Washington Mutual Inc. loan center in Lake Worth will be among 10 home loan-processing offices shuttered by the Seattle-based company, and 180 people employed there will be laid off,
Mortgage job losses topped 86,000 in 2007: study (Washington Post) NEW YORK (Reuters) - Countrywide Financial Corp (CFC.N), New Century Financial Corp (NEWCQ.PK) and other mortgage lenders cut 86,071 jobs last year as the U.S. housing market deteriorated, data released
The SMC's new neighbor will be a lot of fun Workers continue to make progress on the West Complex-Student Recreation Center adjacent to the Save Mart Center at Fresno State.read more...
Business-Property Outlook Sours Real-estate executives' outlook for the commercial-real-estate market has deteriorated as hopes dim for improvement during the next year, according to a Real Estate Roundtable survey.read more...
Tonight's mortgage hot line 'phone-a-thon' canceled (Louisville Courier-Journal) A second "phone-a-thon" to counsel those with mortgage problems in the Louisville area has been canceled tonight due to icy weather.read more...
The FBI has charged 406 in mortgage fraud investigations and exposures of financial malfeasance continue. Recently, the FBI hinted that a lot of criminals might be getting arrested for contributing to the mortgage meltdown. A lot of the citizens they are sworn to protect are going through a lot of pain and suffering right now because of this.It appears that they are now backing up their words …
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