MORTGAGE NEWS DAILY HEADLINES
SEC Turns Spotlight on Countrywide CEO Mozilo
Thu, 18 Oct 2007 06:23:07 EST
SEC wants to know if Countrywide chairman Angelo Mozilo used pre-set trading plans to profit from his companys hard times.
Builder Spirits Not Rebounding While Housing Starts, Permints Continue To Slide
Wed, 18 Oct 2007 08:29:02 EST
Builder confidence and several measures of construction activity continue to slide. Builders see hope for the market six months out and feel their sales initiatives are helping, but negative views persist. Mortgage Rates Boosted By Solid Jobs Report - Construction Jobs Suffer
Wed, 18 Oct 2007 07:05:43 EST
Weekly Market Summary
ResCap To Cut 3,000 Jobs
Wed, 17 Oct 2007 10:55:22 EST
GMAC Financial announced today the it will cut 3,000 jobs from ResCap division.
Treasury Secretary - Housing Decline Significant Risk To Economy
Wed, 17 Oct 2007 08:48:05 EST
Secretary Paulson urges action from investors, servicers, borrowers and major markets to keep housing downturn from spilling over further into economy.
Three Banks Move To Loosen Credit Markets
Mon, 15 Oct 2007 11:40:32 EST
Three of the largest banks in the nation, with a nudge or two from the Treasury Department, agree to set up and fund super conduit to funnel money into commercial paper to prevent disorderly liquidation. |
