Mortgage Choice sees 1pc profit fall (Adelaide Now)
MORTGAGE Choice has reported a 1.2 per cent fall in annual profit but says it is well positioned for the new financial year.
read more…
Merrill pursues the wealthy with $2.3bn bank buy MERRILL Lynch has underlined the lure of the rich for Wall Street banks by paying $US1.8 billion for First Republic, a California-based private bank and wealth management company.Commentread more...
Hey (Freddie) Mac, Can You Spare a Mortgage? Never mind the rising interest rates. The quasi-government firms are rolling out products aimed at low- and mid-income workers to help them become first-time homeowners.read more...
Partners in life and in their life's work Quietly tucked away in the heart of Montrose, the building that houses Partridge Properties could easily be mistaken for one of the eclectic, older homes in the neighborhood that surrounds
Homebuilder Woes Multiply Homebuilders continue to cut their guidance amid a rapidly declining U.S. housing market, highlighted by growing inventories of homes for sale and increased cancellations from buyers.read more...
IndyMac to cut 3,800 jobs and stop most mortgage loans (Washington Post) NEW YORK (Reuters) - IndyMac Bancorp Inc (IMB.N), one of the largest U.S. mortgage lenders, said on Monday it will eliminate 3,800 jobs and stop making most home loans after
Fannie Mae Probe Points to 2 Former Execs Fannie Mae's former finance chief and controller share primary responsibility for the accounting failures at the mortgage company struggling to emerge from an $11 billion scandal, a company-ordered report said