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Mortgage cos. reveal damage from housing crisis (AP via Yahoo! News)
Broad damage in the mortgage industry was in full view Monday as a number of companies posted dismal first-quarter earnings, but there were also some hope that the worst of the housing crisis is over.
Mortgage cos. reveal damage from housing crisis (San Francisco Chronicle)
Broad damage in the mortgage industry was in full view Monday as a number of companies posted dismal first-quarter earnings, but there were also some hope that the worst of the housing crisis is over. Investors bid up shares of mortgage lenders and insurers...
Thornburg Mortgage delays filing 1st-quarter report; expects "substantial" loss (Canadian Business)
NEW YORK (AP) - Thornburg Mortgage Inc. expects to report a "substantial loss" for the first quarter because of the volatility and illiquidity plaguing the mortgage industry, the lender said Monday.
Results show damage mortgage industry has taken (Houston Chronicle)
Broad damage in the mortgage industry was in full view today as a number of companies posted dismal first-quarter earnings, but there were also some hope that the worst of the housing crisis is over.
Housing crisis hits mortgage firms (Memphis Commercial Appeal)
Broad damage in the mortgage industry was in full view Monday as a number of companies posted dismal first-quarter earnings.
IndyMac Posts Loss on Mortgage Troubles (New York Times)
In addition to posting a $184 million loss for the first quarter of 2008, the mortgage lender warned Monday it would not post a profitable quarter this year.
Mortgage delinquency on the rise (CNN Money)
Mortgage delinquencies will continue to rise over the next six to 12 months as home prices decline and economic conditions remain difficult, according to one forecast released Monday.
A&L mortgage lending drops sharply (ShareCast via Yahoo! UK & Ireland Finance)
LONDON (ShareCast) - Alliance & Leicester's said mortgage lending was down sharply in the first four months of the year as it wrote down £388m in impairment charges.
IRESS Market Technology Extends WM Capability to Mortgage Qualificaton (IRE.AX, 00841584, 20080513) (Huntleys' Stock of the Week via Yahoo!7 Finance)
IRESS Market Technology announced the acquisition of TransActive Systems by its wealth management software division for $1.9m. This acquisition further expands the suite of products and services available through the Company's wealth management operations by adding the leading provider of mortgage analytics to its existing strengths in portfolio management, CRM, practice management, investment ...
Don't mortgage future by buying Fannie Mae (Boston Herald)
When Fannie Mae, the government-sponsored mortgage company, announced a larger-than-expected quarterly loss and another planned cut to its dividend last week, the stock immediately...
