Troubled mortgage firm turns hundreds of furloughs into layoffs A troubled Middletown-based mortgage lender has informed hundreds of its employees, including about 200 in Connecticut, that they will be laid off permanently.Commentread more...
Yield Curve Inverts as Bonds Wrap Up Gain (Reg Req'd) CHICAGO - Longer-term Treasurys traded mixed in a shortened trading session on Friday, leaving their yields barely moved on the day but still above short-term yields for the first time
Freedom Finance expands mortgage team (Mortgage Introducer) The mortgage broking business, which was created in May 2005, is on track to double its new business volumes by the end of this year and will have a nationwide
February Existing Housing Under High Pressure The existing housing sales data was released by the NAR today [pdf] and the news was better than expected.read more...
FHA Must Be Reformed: NAR to Congress The Federal Housing Administration must change to reflect consumer needs and demands, and provide many borrowers with a safer alternative to riskier mortgage products that are on the market
Korea Asset to sell its Daewoo stake Korea Asset Management Corp., a government run bad-debt manager, said it plans to start selling its 57.4 percent stake in unlisted Daewoo Electronics Corp.read more...
U.K. June 29 (Bloomberg)—The number of home loans approved by U.K. mortgage lenders in May rose at the fastest pace in 10 months, suggesting the $5.5 trillion housing market may be picking up after a slowdown last year.
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