Finance And Mortgage News |
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• Report: Mortgage employment stabilizing (BizJournals)
8 Jul 2008 at 8:31am
Layoffs in the real estate finance sector fell by more than half in the second quarter compared with the first quarter and the year-ago period, according to a recent mortgage employment survey.
• IndyMac to stop most mortgage loans, cut 3,800 jobs (Reuters via Yahoo! News)
7 Jul 2008 at 5:50pm
IndyMac Bancorp Inc , one of the largest U.S. mortgage lenders, said on Monday it will eliminate 3,800 jobs and stop making most home loans after regulators concluded it was no longer "well capitalized."
• Report: Alabama's mortgage employment stable (Birmingham Business Journal)
8 Jul 2008 at 2:26pm
Layoffs in the real estate finance sector fell by more than half in the second quarter compared with the first quarter and the year-ago period, but Alabama's employment remains flat, according to a recent mortgage employment survey.
• IndyMac depositors pull cash as mortgage woes grow (Reuters via Yahoo! News)
8 Jul 2008 at 6:46pm
Mortgage lender IndyMac Bancorp Inc said on Tuesday depositors had been withdrawing cash at an "elevated" pace since a key U.S. senator questioned its ability to survive the housing crisis.
• IndyMac depositors pull cash as mortgage woe soars (Reuters via Yahoo! News)
8 Jul 2008 at 3:21pm
IndyMac Bancorp Inc said on Tuesday depositors were withdrawing cash at an "elevated" pace after a key U.S. senator questioned the big mortgage lender's ability to survive the U.S. housing crisis.
• Australia: home loans slump 7.9% in May (Scoop.co.nz)
8 Jul 2008 at 9:58pm
Demand for housing finance fell for the fourth straight month in May, but by much more than expected.
• Feeling Fannie's and Freddie's pain (CNN Money)
8 Jul 2008 at 2:21pm
The plunging stock prices of mortgage finance giants Fannie Mae and Freddie Mac could make the recovery for the housing market and the overall economy much more difficult, analysts say.
• Kenya: Housing Finance Rights Issue Raises Sh2.3 Billion (AllAfrica.com)
7 Jul 2008 at 4:22pm
Mortgage Financier Housing Finance has raised Sh2.37 billion from the just concluded rights issue despite a number of small scale shareholders sitting out of the issue.
• CONSUMER ADVICE: State initiates home buying effort (Courier-Post)
8 Jul 2008 at 2:20am
As a way to encourage New Jersey residents to purchase homes in the towns where they work, the "Live Where You Earn" program has been initiated by the New Jersey Housing and Mortgage Finance Agency.
• Gloom smothers housing market (Daily Telegraph)
8 Jul 2008 at 8:49pm
JUST 52,006 people took out a new mortgage in May, the lowest number since October 2004, as 12-year high interest rates smothered the desire for home ownership.
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