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Columbia Bancorp to close mortgage business, cut jobs - Washington Post
(Reuters) - Columbia Bancorp (CBBO.O), the holding company for Columbia River Bank, said it plans to close its mortgage banking division, affecting about 39 jobs, as it strives to cut costs amid a difficult mortgage market. "Columbia's decision to no ...

Columbia Bancorp to close mortgage business, cut jobs - Washington Post
(Reuters) - Columbia Bancorp (CBBO.O), the holding company for Columbia River Bank, said it plans to close its mortgage banking division, affecting about 39 jobs, as it strives to cut costs amid a difficult mortgage market. "Columbia's decision to no ...

UPDATE 1-Columbia Bancorp to close mortgage business, cut jobs - Reuters
Sept 5 (Reuters) - Columbia Bancorp (CBBO.O: Quote , Profile , Research , Stock Buzz ), the holding company for Columbia River Bank, said it plans to close its mortgage banking division, affecting about 39 jobs, as it strives to cut costs amid a ...

Columbia Bancorp shuts mortgage business - Forbes
Columbia Bancorp , the holding company of Columbia River Bank, said Friday it plans to exit the mortgage business and eliminate nearly 75 jobs in response to the uncertain banking environment. The closure of the mortgage business affects about 39 ...

Risky mortgages threaten to keep housing market down - Detroit Free Press
In the mortgage industry, they are called liar loans -- mortgages approved without requiring proof of the borrower's income or assets. The worst of them earn the nickname ninja loans, short for no income, no job and no assets. The nation's housing ...

Columbia Bancorp Announces a Strategic Initiative in Response to ... - MSN MoneyCentral
THE DALLES, Ore. , Sept. 5 /PRNewswire-FirstCall/ -- Columbia Bancorp CBBO , the financial holding company for Columbia River Bank, announced a strategic initiative intended to streamline its overall business operations in response to the current ...

Columbia Bancorp to close mortgage banking business; to incur charge ... - RTT News
(RTTNews) - Friday, before the bell, Columbia Bancorp (CBBO: News ), the financial holding company for Columbia River Bank, affected by the current banking environment, announced its intention to close Columbia River Bank's Mortgage Banking Team, and ...

Takeover seen easing loan crisis - Boston Globe
The Bush administration's planned takeover of mortgage giants Fannie Mae and Freddie Mac should help lower mortgage rates, stem the slide of housing markets, and stabilize the US economy, analysts said. The takeover, expected to be announced as early ...

Columbia Bancorp (CBBO) Announces Closure of Columbia River Bank's ... - StreetInsider.com
Columbia Bancorp (Nasdaq: CBBO ) announced a strategic initiative intended to streamline its overall business operations in response to the current banking environment. The focus of the initiative is the closure of Columbia River Bank's Mortgage ...

As rescue looms, questions raised - Boston Globe
Fannie Mae and Freddie Mac play a critical - and complex - role in the health of the nation's housing market. Here are answers to questions about their mission and the impact of the federal government's expected takeover of these companies. Q. What ...

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