11 January 2008
Service Employees International Union Says No to Bank of America Countrywide Deal
The nation’s fastest-growing union, the Service Employees International Union, calls the combination of the United States’ largest mortgage lender with largest bank when both institutions are facing mounting losses and potentially destabilizing risks bad for consumers, bad for business, and bad for America.
Bank of America Agrees to Purchase Countrywide Financial Corporation
Bank of America Corporation has announced a definitive agreement to purchase Countrywide Financial Corp. in an all-stock transaction worth approximately $4 billion.
19 December 2007
Triad Guaranty Applauds Passage of an Extended Mortgage Insurance Tax Deduction Bill · Mortgage News Review
Triad Guaranty Inc. (NASDAQ:TGIC) is applauding the Congressional passage of new legislation that will allow low-and moderate-income homebuyers and homeowners to continue to deduct mortgage insurance premiums from their federal income tax returns. The new legislation, which President Bush is expected to sign, extends this deduction to loans closed in 2007 through 2010. The previous law was to expire at the end of 2007.
17 December 2007
Mortgage Crisis Will Drive Consumers to Credit Counseling · Mortgage News Review
The Association of Independent Consumer Credit Counseling Agencies says that the mortgage crisis will end up driving consumers to credit counseling.
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