Home purchases decline in May but rate still high
Sales of existing homes slowed slightly in May but still came in at the second-highest level on record with home prices hitting an all-time high.
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New Century Leads Rebound of Mortgage Company Shares (Update2) (Bloomberg.com) March 6 (Bloomberg) -- Shares of New Century Financial Corp. and rival mortgage lenders regained some of their lost value as investors assessed how much subprime mortgage companies might be
Impac to buy lender in Florida Diversifying its operations, Irvine-based Impac Mortgage Holdings Inc. said Monday that it would acquire the lending arms of Pinnacle Financial Corp. of Orlando, Fla., which has branches in 26
Citigroup Combining Mortgage Operations Into One Unit (NYTimes.com via Yahoo! Finance) Badly bruised by the sharp downturn in the housing market, Citigroup is bringing its mortgage-related activities under one roof.read more...
Colored with personality Special to The Courier-Journal Owner: Caroline Whaley Profession: Trains speakers for Stonecroft Ministries, a Christian organization, and also volunteers at Southeast Christian Church Location: St.read more...
Mortgage lender hid big risks, suit alleges (The Columbus Dispatch) The giant mortgage financer known as Freddie Mac swindled an Ohio pension system out of as much as $27 million by concealing its heavy investments in the battered subprime
Interest-Only Mortgages Put Homes in Jeopardy read more...