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 TPG pulls out of Bradford & Bingley plan (AP) 7 hours ago AP - Bradford & Bingley PLC said Friday it is revising its plans to raise new capital after U.S. private equity fund Texas Pacific Group pulled out of its agreement to invest more than $350 million in the mortgage banker. Rates on 30-year mortgages drop to 6.35 percent (AP) 3 Jul 2008 at 9:35am AP - Rates on 30-year mortgages, which had been rising for five straight weeks, posted a decline this week as signals from the Federal Reserve eased worries about imminent rate increases. Housing market seen getting worse (Reuters) 3 Jul 2008 at 8:54am Reuters - An even gloomier scenario may be in store for an already ailing U.S. housing market if the overall economy slips into a recession, according to UBS Securities analysts. BofA completes deal for Countrywide Financial (AP) 1 Jul 2008 at 3:04pm AP - Bank of America Corp. completed its purchase of Countrywide Financial Corp. Tuesday, making the Charlotte-based bank the nation's leading mortgage originator and servicer. Gov. pushing plan to help struggling NC homeowners (AP) 1 Jul 2008 at 2:49pm AP - Gov. Mike Easley called on state lawmakers Tuesday to make up for the federal government's inaction by approving a measure to help some struggling North Carolina homeowners by giving them more... Bank of America completes acquisition of Countrywide (AFP) 1 Jul 2008 at 6:25am AFP - Bank of America said Tuesday it completed its purchase of Countrywide Financial, the largest US mortgage lender that had been at the center of the country's subprime loan crisis. CIT shares jump on deal to shed mortgage assets (Reuters) 1 Jul 2008 at 6:12am Reuters - CIT Group Inc said on Tuesday it agreed to sell nearly $10 billion of mortgage assets, in a deal that removes problem loans from the commercial lender's balance sheet and lifted its s... Real Estate: Making the REIT Picks (BusinessWeek Online) 1 Jul 2008 at 5:08am BusinessWeek Online - After a great run, real estate investments have suffered over the past year, with the average real estate mutual fund down 18%, according to Morningstar. David Lee has managed... CIT Group exits home lending businesses (AP) 1 Jul 2008 at 4:00am AP - CIT Group Inc. said Tuesday it will sell its home lending business to Lone Star Funds for $1.5 billion in cash, plus $4.4 billion of assumed debt, in a move to exit the troubled mortgage arena... Florida sues Countrywide over mortgages (Reuters) 30 Jun 2008 at 4:50pm Reuters - Florida sued mortgage lender Countrywide Financial Corp on Monday for predatory lending practices, alleging the company at the center of the U.S. mortgage crisis made subprime loans t... Click here to view the "7 Reasons Why You Need XSitePro Now!" video About Susanna | Testimonials |
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