Mortgage and Financial News From 2007-8-22 Page 2

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• Accredited Home Lenders set to cut staff

  International Herald Tribune - In recent weeks, several mortgage companies that specialized in risky home loans have stopped making loans, shut down or encountered other distress. Also Wednesday, Accredited Home Lenders, a subprime lender based in San Diego, stopped making loans ...
  2007-08-22 07:09:00

• Lehman, Accredited, HSBC and others cutting costs

  USA Today - Meanwhile, wholesale mortgage lender Quality Home Loans filed for Chapter 11 protection. The Agoura Hills, Calif.-based company's voluntary bankruptcy petition, filed Tuesday in U.S. Bankruptcy Court, lists assets in the range of $1 million to $100 ...
  2007-08-22 06:55:00

• Accredited Slims Down

  Forbes - On Tuesday, Quality Home Loans, a wholesale mortgage lender, finally threw in the towel and filed for bankruptcy. Quality Home's affiliates, QHL Holdings Fund Ten, California TD Investments and Golden State TD Investments also filed Chapter 11 ...
  2007-08-22 08:14:00

• Seeking Relief From Your Mortgage Lender

  Best Syndication - When you took out a home loan to finance your home purchase, likely you did not anticipate falling behind on payments even to the point of possibly losing your home to foreclosure. Well, neither did your mortgage lender. A lost job, economic ...
  2007-08-22 05:29:00

• What will the neighbors think when Bush's Brain comes home?

  North County Times - CHARLOTTE, N.C. - At the North Carolina offices of mortgage lender HomeBanc Corp., Archie Clark is the only employee left. But in a few days, he'll be gone, too. When Clark finishes helping movers from the company's Atlanta headquarters collect ...
  2007-08-22 10:08:00

• Lehman to Close BNC Mortgage

  Wall Street Journal - Also today, wholesale mortgage lender Quality Home Loans filed for Chapter 11 protection Tuesday. The company's bankruptcy petition lists assets in the range of $1 million to $100 million, and liabilities of more than $100 million. Three of the ...
  2007-08-22 06:55:00

• Lehman closes subprime unit and cuts 1,200 jobs

  Washington Post - said on Wednesday it would fire 1,200 workers and take $52 million of charges as it shutters its subprime lender BNC Mortgage Corp, the latest blow for a Wall Street bank involved in home loans to people with weak credit. The company's shares rose ...
  2007-08-22 10:08:00

• Mortgage Lenders Move to Cut Costs

  US News and World Report - Meanwhile, wholesale mortgage lender Quality Home Loans filed for Chapter 11 protection. The Agoura Hills-based company's voluntary bankruptcy petition, filed Tuesday in U.S. Bankruptcy Court, lists assets in the range of $1 million to $100 million ...
  2007-08-22 08:35:00

• Mortgage lender Quality Home Loans files for bankruptcy

  AZCentral.com - WASHINGTON - Wholesale mortgage lender Quality Home Loans became the latest victim of the subprime home loan crisis, filing for Chapter 11 protection. The company's voluntary bankruptcy petition, filed Tuesday in the U.S. Bankruptcy Court in San ...
  2007-08-22 07:09:00

• Job losses continue as US homes lender is closed to new business

  Times Online - American mortgage-related job losses continued yesterday as Accredited Home Lenders closed to new business, with the loss of 1,600 jobs, and HSBC shut its homeloan office in Indiana, contributing 600 redundancies. Accredited, the San Diego-based sub ...
  2007-08-22 07:52:00

• Accredited Home Lenders cuts 1,600 jobs

  MSNBC - NEW YORK - Accredited Home Lenders Holding Co said on Wednesday it will shut most of its mortgage business to help survive turmoil in subprime lending, and eliminate 1,600 jobs, or 62 percent of its work force. The mortgage lender stopped taking U.S ...
  2007-08-22 08:07:00

• Subprime Lender Quality Home Loans Files for Bankruptcy

  CNBC - Quality Home Loans , a subprime mortgage lender, has filed for Chapter 11 bankruptcy, joining at least a dozen other home loan providers to seek court protection this year as the U.S. housing market slumped. Meanwhile, Amstar Financial Holdings said ...
  2007-08-22 05:08:00

• Layoffs turning mortgage lender offices into ghost towns (The Daily Record)

  CHARLOTTE, N.C. — At the North Carolina offices of mortgage lender HomeBanc Corp., Archie Clark is the only employee left. But in a few days, he'll be gone, too.
  2007-08-22 10:28:35

• Local Mortgage Lender Lays Off Thousands (NBC 7/39 San Diego)

  Accredited Home Lenders Holding Co. will slash its work force by more than half and stop accepting new mortgage applications in the U.S., the company said Wednesday.
  2007-08-22 06:54:51

• Home buyers left in lurch by lender's bankruptcy (New Hampshire Union Leader)

  A national mortgage lender's bankruptcy has deprived as many as 420 New Hampshire families of home loans. Roughly 20 had closed on a home but found their loans were not funded.
  2007-08-22 04:02:46

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