Judge Lectures Countrywide but Decides Not to Punish It in Texas Mortgage Case (NYTimes.com via Yahoo! Finance) HOUSTON ? The Countrywide Financial Corporation, the largest American mortgage lender, did not show ?bad faith? in the handling of a Texas homeowner?s mortgage and will not be sanctioned
Racism, in deed Racist covenants still exist When Cephas and Jessie Wright found their dream home in 1962, they knew they were not welcome in Prentis Park.via
Net mortgage lending collapses in August (Reuters via Yahoo! UK & Ireland News) Net mortgage lending collapsed in August and approvals for new home loans fell to a series low, figures from the Bank of England showed on Monday.read more...
Two Bay Area men who ran mortgage scheme sentenced to prison (San Francisco Chronicle) The two founders of a Bay Area company that prosecutors say victimized thousands of people in a mortgage scheme will be spending a long time behind bars. Kurt Johnson of
Countrywide Reports Losses From Mortgage Problems (Washington Post) Countrywide Financial, the nation's largest mortgage lender, reported that it lost $1.2 billion in the third quarter, its first such loss in 25 years.read more...
Rates, fuel prices hurt mortgage market (Sydney Morning Herald) Higher interest rates and soaring petrol prices are hurting the Australian mortgage market, with new figures showing a decline in monthly sales. -read more...
U.S. stocks fell on Thursday after the Federal Reserve The U.S. central bank’s policy-setting Federal Open Market Committee While a ninth rate increase was expected, financial markets were hoping the Fed would …
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