Crunch time as mortgage brokers flee (The Australian)
THE global credit crunch has plunged the mortgage broking industry into turmoil, with a third of all brokers expected to flee the industry by the end of the year.
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Management Magazine Pete Duffy's columns on finance run the second Thursday of every month. Since the late 1990s, many credit unions have made major changes to the way they market themselves.via
High-rate mortgage loans made in every corner of U.S. (Deseret Morning News) As America's mortgage markets began unraveling this year, economists seeking explanations pointed to "subprime" mortgages issued to low-income, minority and urban borrowers.read more...
Council on Aging (Reg Req'd) The Medford Council on Aging Board of Directors will meet at the Senior Center, 101 Riverside Ave., beginning at 10:15 a.m. See future editions for new dates.read more...
California's new-home market to ease (Reg Req'd) Economist predicts fourth-highest housing production in 17 years New-home construction in California is expected to continue cooling off for the remainder of 2006 as the housing market adjusts from a
Nab 23 in mortgage con (New York Daily News) Twenty-three brokers, appraisers and bankers were indicted yesterday in a $3.5 million scheme to dupe banks and other lenders by recruiting "straw" buyers to fill out bogus mortgage and loan
Xceed Mortgage boosts quarterly dividend to six cents a share, Q2 profit slips (Canadian Business) TORONTO (CP) - Xceed Mortgage Corp. (TSX:XMC), a specialist in the below-prime mortgage market, is increasing its dividend for the fourth-straight quarter even as second-quarter profit slipped to $3.3 million