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Countrywide eyes mortgage slowdown as Mozilo remains (Market Watch)
NEW YORK (MarketWatch) -- Countrywide Financial Corp. shares rallied Tuesday after co-founder and CEO Angelo Mozilo said he'll stay beyond this year in his job as the mortgage giant set out its strategy to weather the housing industry downturn.
Countrywide tackling slowdown with cost-cutting, biz growth (India Daily)
David Sambol, chief operating officer of Countrywide Financial, said the mortgage giant will likely see margin pressure amid the current housing slowdown, but that it''ll weather the conditions by cost-cutting, efforts to grow market share and business expansion.
NovaStar will buy Indiana firm's mortgage unit (bizjournals.com via Yahoo! Fi...
NovaStar Mortgage Inc. will buy as many as 21 retail mortgage lending locations and other assets from Oak Street Mortgage LLC for an undisclosed amount.
What's new (Poughkeepsie Journal)
Mortgage firm adds two loan officers — Heritage Mortgage Powered by Countrywide in Hopewell Junction, hired two new loan officers, Kim Seaboldt and Maureen Shanahan Tre-marzo . Seaboldt joined Heritage as the new construction sales manager assigned to serve new home clients.
Take care prepaying mortgage (NorthJersey.com)
If you've read this column for a while, you know I've often urged readers to think about making extra mortgage principal payments. This can dramatically cut the amount of interest you pay over the life of the loan and allow you to pay it off years early.
KC firm buys part of Carmel's Oak Street Mortgage (The Indianapolis Star)
Oak Street Mortgage LLC of Carmel is selling up to 21 retail mortgage lending locations and other assets to NovaStar Mortgage, Inc. of Kansas City.
Met Mortgage begins mailing checks (KXLY-TV Spokane)
SPOKANE -- Checks were mailed Tuesday to thousands of people who lost money in the bankruptcy of Spokane-based Metropolitan Mortgage and Securities. The initial payback was higher than first estimated. Metropolitan noteholders are receiving about 9 cents on the dollar.
Confused by all the Mortgage Options? Here's Help (Kewanee Star Courier)
(ARA) - Fixed rate. Adjustable rate. Interest Only. Flex. All of the different types of home loans that are available these days can puzzle many homebuyers. But, say mortgage experts, virtually every home loan is one of two types: a fixed rate loan or an adjustable rate loan.
Countrywide to Host Fixed Income Investor Forum in New York City (Moldova.org)
CALABASAS, Calif., Sept. 11 /PRNewswire-FirstCall/ -- Countrywide Financial Corporation (NYSE:CFC) will host a Fixed Income Investor Forum at the Metropolitan Club, in New York City on Wednesday, September 13, 2006. The Forum will feature presentations from members of Countrywide's executive management team and is scheduled to begin at 8:00 a.m. EDT and conclude at 3:00 p.m. EDT. Seating for the
Mortgage fears as inflation rises (PA via Yahoo! UK & Ireland News)
Homeowners are gearing up for another hike in mortgage rates after inflation rose to its joint highest level since Labour came to power nine years ago.
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