Wells Fargo shuts nonprime mortgage unit, cuts jobs (Washington Post)
NEW YORK (Reuters) - Wells Fargo & Co. (WFC.N), the second-largest U.S. mortgage lender, said on Thursday it will close its nonprime wholesale lending business, which processes and funds loans for third-party brokers, citing turmoil in the market for riskier home loans.

Economic growth rebounds in second quarter (Reuters via Yahoo! News)
U.S. economic growth rebounded during the second quarter to its strongest pace since the beginning of last year on a surge in business investment, more government spending and a better trade performance, the Commerce Department reported on Friday.

The impossible loan: The murky path to a couple's dream home - Pittsburgh Post Gazette
The impossible loan: The murky path to a couple's dream homePittsburgh Post Gazette, PA - 7 minutes agoThe deal they left with gave them a mortgage with Encore for $86000, and a second mortgage from the Leglers for $9600. That mortgage was quickly signed over …

C&F Financial Corporation Announces Second Quarter Earnings - CNNMoney.com
C&F Financial Corporation Announces Second Quarter EarningsCNNMoney.com - Jul 27, 2007Mortgage Banking Segment. Second quarter net income for C&F Mortgage Corporation was $610000 in 2007 compared to $613000 in the second quarter of 2006. …

Debt's Not Just Bad for Your Wallet - Washington Post
Debt's Not Just Bad for Your WalletWashington Post, United States - Jul 26, 2007We agreed to take a second mortgage for $18000 to cover the down payment. The local bank gave them a first mortgage. After several months, payments on the …