Mortgage troubles still haunt Bank of America
Charlotte-based bank, after two consecutive money-losing years, reported profit for common shareholders of $ 1.7 billion, down 39 percent from a year earlier.
Read more on The Charlotte Observer

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McCue Mortgage named ‘Family Business of the Year’
NEW BRITAIN — The McCue Mortgage Co. has received the University of Connecticut’s 2010 “Family Business of the Year” award at a ceremony at the university’s Storrs campus.
Read more on The Bristol Press

Another new rule for mortgage brokers
Mortgage brokers, already reeling from newly passed regulations restricting their business, are facing a new rule that will cut into their compensation. A trade association for mortgage brokers has brought a lawsuit in federal court to contest the rule, called Regulation Z, which was scheduled to go into effect April 1. Regulation Z was proposed to [...]
Read more on Long Island Business News

The Nation’s Housing for April 9
You may have seen reports that the federal government is proposing new mortgage finance rules under which only home purchasers who can afford a minimum 20 percent down payment on a conventional loan would get a shot at the best available interest rates and terms.
Read more on Richmond Times-Dispatch

Drop in mortgage lending since last year
The freeze on lending shows little sign of thawing as figures reveal the number of home loans approved fell 10pc.
Read more on Daily Telegraph

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