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  • HOPE NOW Adopts Project Lifeline

    In what probably was a foregone conclusion after it was first announced, HOPE NOW said Tuesday that all alliance members will officially adopt the Project Lifeline initiative no later than March 31, in an effort to help more homeowners save their homes.
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  • Report: First Horizon to Lay Off 1,500, Close 50 Offices

    American Banker is reporting today that First Horizon will lay off 1,500 employees -- 50 percent of its sales force -- amid a continuing downturn in the mortgage markets. Company CEO Gerald Baker disclosed the plan during a speech yesterday, and said the financial services provider will also close 50 offices as part of its move. An excerpt:
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  • H&R Block Moves Quickly, Files 10-Q

    Countering any speculation that its lending business may be facing liquidity problems, H&R Block Inc. (NYSE:HRB) today filed with the Securities and Exchange Commission its Form 10-Q for the fiscal 2007 third quarter ended Jan. 31, 2007, after reporting late yesterday in a separate filing with the SEC that it would delay reporting its financials in order to review its Option One business. Housing Wire reported on the delay earlier this morning, which had led some in the industry to question whether Option One was being bitten by a credit crunch similar to other market competitors.
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  • Stewart Aquires Online Residental Real Estate Forms Provider

    Stewart Transaction Solutions, Inc. announced today that it acquired online forms provider Formulator, marking the entry of the nation's third-largest real estate information services provider into the online forms business for residential real estate professionals. Launched in 1992, Formulator offers online forms management through its current Web-based platform, WebForms.
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