Mortgage underwriter Joshua Hager saw the writing on the wall and started looking for a new job in November. Now out of work, he's trying to get his foot back in the door of a ...
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, Mortgage Jobs March 29th, 2008
A year ago Irvine, Calif., was still riding high on the subprime boom; then almost overnight the industry and more than 4,000 good paying jobs vanished.
The former headquarters of New Century Financial in Irvine, Calif., ...
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irvine, subprime March 27th, 2008
WASHINGTON (Reuters) - Fannie Mae (FNM.N: Quote, Profile, Research) and Freddie Mac (FRE.N: Quote, Profile, Research) would have to meet new goals to invest in troubled loans and erase some mortgage debt for borrowers facing ...
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Fannie, Freddie, mortgage aid March 27th, 2008
Thornburg Mortgage Inc., which said March 19 that it faced a seven-day deadline to raise $948 million, has announced on the sixth day a new plan to raise the cash after the failure of a ...
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mortgage lenders, Thornburg Mortgage March 26th, 2008
Wells Fargo Home Mortgage and Horizons Real Estate Group LLC have formed a joint venture to provide mortgage loans for Re/Max Horizons Group operations.
Horizons Real Estate of Broomfield is the parent company of Re/Max Horizon ...
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Horizons Real Estate Group, Wells Fargo March 25th, 2008
ZURICH -(Dow Jones)- Credit Suisse Group (CS) Thursday poured cold water on hopes the banking industry was on the mend as it warned that difficult market conditions in March will likely lead to a ...
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Credit Suisse, Goldman Sachs, Lehman Brother March 25th, 2008
SANTA FE, N.M. -
Mortgage lender and investor Thornburg Mortgage Inc. said Tuesday it will raise $1.35 billion through a private-placement deal to help keep the company in business and avoid bankruptcy.
"Going forward, it gives Thornburg ...
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mortgage lenders, Thornburg Mortgage March 25th, 2008
March 25 (Bloomberg) -- Wall Street banks, brokerages and hedge funds may report $460 billion in credit losses from the collapse of the subprime mortgage market, or almost four times the amount already disclosed, according ...
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bear stearns, Goldman Sachs March 25th, 2008
The nation's 12 Federal Home Loan Banks were freed Monday to boost their purchase of mortgage-backed bonds by about $150 billion -- another government step to pump money back into a market that slumped as ...
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fannie mae, feds, freddie mac March 25th, 2008
JPMorgan raises its offer in hopes of winning over shareholders. Will the Federal Reserve end up holding the bag?
The Federal Reserve has been put in an awkward position by JPMorgan Chase's (JPM) decision to raise ...
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bear stearns, chase, feds, JPMorgan March 24th, 2008