SEC Begins Formal Countrywide Probe
The SEC escalated its scrutiny of Countrywide Financial into a formal investigation, according to a regulatory filing by Bank of America.
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Anxiety, Foreclosures Up as ARM Rates Rise As interest rates rise, thousands of Americans with adjustable rates mortgages are having trouble paying the mortgage.read more...
WaMu posts 77 cents EPS in the third quarter Washington Mutual Inc. on Oct. 18 reported third-quarter net income of $748 million, or 77 cents per share, compared to net income of $821 million, or 92 cents per share,
Pitfalls in new mortgages entrap naive borrowers At 64, and looking toward his retirement next year, Willie Lee Howard agreed to refinance his duplex in Washington, thinking a fixed-rate loan would help stabilize his finances.Commentread more...
Mortgage rates (The Olympian) Rates on 30-year mortgages climbed this week for the eighth time in the past nine weeks, hitting the highest level in nearly four years. Freddie Mac, the mortgage company, reported
Key buys mortgage company (BizJournals) KeyCorp, the sixth-largest bank in the Dayton area, has bought Dallas-based Malone Mortgage Co., which will help deliver Federal Housing Administration financing and servicing to its commercial real estate clients,
Blind Dates With the Drapes Guy When Charles Pavarini III and Dana Adler first met, they quickly realized it was a match: He liked her spunky personality, while she was drawn to his artistic sense.via