Mortgage mess becomes prime territory for law firms (Chicago Tribune) The collapse of the subprime-mortgage market has turned into a legal free-for-all not seen in the financial-services industry since the savings-and-loan crisis.
Mortgage rates falling Canadian banks have begun to drop mortgage rates by up to three-tenths of a percentage point as the cost of borrowing in the bond market falls.via
Mortgage Choice 'well placed' for growth (Sydney Morning Herald) Mortgage broker Mortgage Choice Ltd says it is well placed for growth in 2006/07 after boosting annual profit. Mortgage Choice has reported a 43 per cent increase in annual net
GMAC Posts Loss, Says ResCap Mortgage Unit May Fail (Update4) (Bloomberg) Nov. 5 (Bloomberg) -- GMAC LLC , the financing arm of General Motors Corp. gripped by a cash squeeze, posted its fifth straight loss and said its mortgage unit may
Countrywide accused of profiting off hurricane victims Just over a year and a half ago, Hurricane Rita socked East Texas with the kind of rough weather the area is often able to avoid.Commentread more...
Equity Losses Aren't Felt Evenly As a homeowner, seller or buyer, what should you make of the Federal Reserve's latest report on Americans' declining home-equity positions? read more...
Washington – US mortgage bank Fannie Mae reported on Friday a second quarter loss of 2.3 billion dollars, higher than previously predicted. The loss amounted to 2.54 dollars a share, and marked the fourth straight quarter of losses for the US bank. T…
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