Items Tagged with 'Laurel'

ARTICLES

  • Delaware Housing Project Gets Stimulated

    Seven months after President Obama signed the Recovery Act in February with the promise of a transparent injection of nearly $800bn into the economy, we’re finally finding some clarity. And the first celebration of local stimulus success comes not from California, where IOU’s are becoming currency, and not from Arizona, where the foreclosure pile continues to grow, or from Detroit, where unemployment plagues every street corner. The news comes from Hollybrook Farms, a 124-unit affordable apartment community in Laurel, Delaware.
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  • PHH Posts Q1 Profit, Sees Mortgage Production Losses Narrow

    PHH Corp. [stock PHH][/stock] said Friday that losses in its mortgage production business narrowed during the first quarter to $8 million, compared to a $39 million loss one year earlier -- a smidgen of good news for a battered industry. Unfortunately, the company's servicing operations swung strongly into the red, posting a $16 million loss for the quarter relative to a $55 million net gain one year ago.
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