For some firms that dabbled in real-estate lending, the stock market’s advice seems to be: “Run away at any cost.” As CIT Group ( CIT ) and H&R Block ( HRB ) demonstrate, investors are rewarding once-diversified companies that ditch all Read More

Gov. Mike Easley called on state lawmakers Tuesday to make up for the federal government’s inaction by approving a measure to help some struggling North Carolina homeowners by giving them more latitude to repay their debt. “We’ve all been looking to Read More

July 2 (Bloomberg) — Former Bank of England policy maker Stephen Nickell said the central bank should avoid raising interest rates to curb inflation as the mortgage market edges close to “a famine'’ and wages stay under control. “There isn’t a Read More

Charlotte | Beleaguered consumer bank Wachovia Corp. said Monday it will quit offering a mortgage payment option that allows borrowers to pay less each month than the bank charges in interest. The choice to pay less was one of the options of Wachovia Read More

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