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U.S. markets recover from steep losses
ORANGE, Calif., May 2 (UPI) -- California's ACC Capital Holdings Corp., owner of Ameriquest Mortgage Co., is dismissing 3,800 workers and closing 229 branches.
Closely held ACC said the job cuts at its Ameriquest and Town & Country Credit mortgage lending units will shrink its total work force by about a third as rising interest rates and a weakening real estate market hit lenders.
Ameriquest is the No. 1 U.S. subprime mortgage lender, according to trade journal Inside Mortgage Finance.
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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ORLANDO, Fla., May 23 (UPI) --
The U.S. Air Force has added Lockheed Martin to its list of companies for support of its medical services worldwide.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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