The casualties continue to mount as Lehman Brothers announced today
that it will be shutting down its subprime mortgage lending unit, BNC
Mortgage LLC. BNC was one of the top 20 subprime producers in 2006,
originating over $14 Billion in loans.
Following two-consecutive weeks of increases, fewer Americans applied for a mortgage last week as compared to the one that preceded it. Bob Walters, Chief Economist of Quicken Loans, says this is just another example of the expected ups and downs the housing market will experience in the months to come as it works to solidify itself.
Dress for Success is one of those organizations that you just can’t help but love. The non-profit group dresses women from head to toe in professional and attractive suits and gives them the tools to acquire and thrive in a… Road trip to Fredericksburg, anyone? Ah, the Hill Country. The scenic views. The blue […]