Thornburg Mortgage begins stock exchange offer (AP via Yahoo! Finance)
Mortgage lender Thornburg Mortgage Inc. on Wednesday began an exchange offer for four classes of its preferred stock, as part of its efforts to remain in business.
read more…
Why Mortgage Life Insurance is Not a Good Idea (Hope Star) (ARA) - If you've recently taken out a mortgage, brace yourself for the onslaught. Before you even finish unpacking, your mailbox will likely be filled with offers for all kinds
Analysts: BofA looks at $1B in mortgage write-down (BizJournals) Bank of America Corp. may be the next big U.S. bank to suffer consequences from the subprime mortgage crisis. (BAC) (JPM) (WB) (WM) (WFC) (C) (MER)read more...
Letter to the Editor Yonkers Tribune By Roseann Paggiotta Editor: I am a Yonkers homeowner and Licensed Realtor. After waiting many years for the Yonkers Transfer Tax to be phased out, we now find that instead of eliminating it
Bubble Sitting Sounds Too Risky Bubble sitting is to houses what shorting is to stocks, you sell your house and rent an apartment with the hopes that you can buy your house back later at
Redlining case in city is settled Mortgage lender SouthStar Funding LLC has agreed to discontinue a policy of refusing loans to buyers of rowhouses in Baltimore and pay $500,000 under a settlement with a fair lending
Interest Rate Roundup Here's a look at the state of interest rates on five common consumer banking products and the latest rates from Bankrate.com's weekly national survey of large banks and thrifts.read more...