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Lehman Brothers profit jumps on revenues  Lehman Brothers Holdings Inc. reported a 77 percent jump in third quarter profits Wednesday, handily surpassing Wall Street's forecasts due to record revenues in its investment banking and investment management


Real estate Web site Zillow launches mortgage marketplace (San Jose Mercury News)  NEW YORK - Armed with market research that showed Americans spend as much time researching a vacation as they do a mortgage loan (answer: five hours), Zillow.read more...


Are Extended-Length Mortgages Good or Bad for Borrowers?  Banks offer another choice for the cash-strapped home buyer: take out a home loan and pay it back about half a century from now.read more...


Home Depot to Boost Commercial Builder Sales as U.S. Housing Slows  Home Depot Inc., the world's largest home-improvement retailer, plans to increase sales to commercial builders to counter a slowing U.S. housing market, Chief Executive Officer Robert Nardelli said in a


CONCORD / Mortgage fraud suspect flees in BMW as FBI nears (San Francisco Chronicle)  An allegedly armed Concord man vowing "not to be taken alive" fled from FBI agents Friday as they tried to arrest him on a federal indictment accusing him of a


Designer teens makeover bedrooms  Emily Oskay wasn't asking for the sun and the moon when she left eighth grade, but that's exactly what the Eastside teen got when her parents let her redo her

March 31st, 2008

ATP Oil & Gas: Meet goals, win free mortgage for a year (BizJournals)

ATP Oil & Gas Corp. is challenging its 66 employees to meet a set of goals by next year—and offering a reward for achieving the goals of a free mortgage for each of them for a year. (ATPG)

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March 31st, 2008

Mortgage Counseling Requirement? (ABC 2 Baltimore)

Lawmakers in Annapolis are debating a mortgage counseling requirement for those signing up for “risky” mortgages.

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March 31st, 2008

Scottish Widows drops 100 per cent mortgage (Daily Telegraph)

Scottish Widows has amended the terms of its professional mortgage, writes Myra Butterworth.

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March 31st, 2008

Thornburg Mortgage Raises $1.35 Billion (KOAT Albuquerque)

Thornburg Mortgage said it has raised $1.35 billion in an offering as the Santa Fe company attempts to stay in business and avoid bankruptcy

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March 31st, 2008

Bank announces mortgage range move (Channel 4)

First Direct announced that it was withdrawing its mortgage range from new customers while two other lenders raised their rates for existing ones.

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March 31st, 2008

FBI says targets major insiders in mortgage probe (Reuters via Yahoo! News)

The FBI is targeting major corporate insiders and criminal groups in its investigation of fraud in the mortgage lending industry, agency chief Robert Mueller said on Tuesday.

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March 31st, 2008

Sector Snap: Home Mortgage REITs Jump (AP via Yahoo! Finance)

Shares of home mortgage real estate investment trusts climbed Tuesday amid a broader market rally and after a Stifel Nicolaus & Co. analyst maintained his “Buy” rating on four REITs.

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March 31st, 2008

Thornburg Mortgage raises $1.35 billion to placate lenders (BizJournals)

Thornburg Mortgage has raised enough cash to placate a group of lenders who would otherwise have shortly begun demanding liquidation of the company’s assets. (TMA)

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March 31st, 2008

Clinton criticizes proposed Fed overhaul

“Best I could determine his plan was not to have a plan”

“No amount of rearranging the deck chairs can hide the fact that our housing and credit markets are in crisis, and they’re sinking deeper every day,” Clinton said at a campaign appearance. via Kansas.com



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March 31st, 2008

Mortgage crisis may not subside for years (North County Journal)

It may take several years before the mortgage crisis eases in places like North County, which has been especially hard hit with foreclosures.

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