• It's also important to note what we didn't include: contributions from the insurance and real estate industries (including mortgage bankers), credit unions and accountants, all of which the Center for Responsive Politics lumps into one category.

    FORBES

  • Blaming sharp downturns in the U.S. residential real estate markets and the global turnoff of the mortgage finance and credit markets, GMAC announced on Wednesday that it would cut 3, 000, or 25% of its work force, from its Residential Captial mortgage operation.

    FORBES: Housing's Foundations Crumble Still More

  • The BBVA bank, one of the 18 banks downgraded by credit agency Fitch on Monday, is now offering a mortgage with 100% financing on its real estate website.

    CNN: Spain: iPad with your mortgage?

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