Beware of Crooked Contractors
The Inland Northwest is experiencing a building boom and the Better Business Bureau is warning folks to beware of crooked contractors.
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Mortgage giant rescue could cost $25b (San Francisco Chronicle) Congress' top budget analyst says a federal rescue of troubled mortgage giants Fannie Mae and Freddie Mac could cost taxpayers as much as $25 billion. But Peter R. Orszag, director
Collateral Mortgage Capital Arranges Landmark $242M Loan for CNL Retirement (Commercial Property News) In its largest single transaction to date, Birmingham, Ala.-based Collateral Mortgage Capital L.L.C. has put together a $242 million loan package for CNL Retirement Properties Inc. that is secured by
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Mortgage lenders plunge amid missed payments, depreciating home loans (USA Today) The mortgage industry plunged deeper into distress this week as two lenders said sagging home prices and higher interest rates are pushing many borrowers into delinquency.read more...
Houston mortgage company files for bankruptcy protection (The York Dispatch) HOUSTON -- Aegis Mortgage Corp., which last week stopped making new loans and laid off a substantial portion of its staff, has filed for Chapter 11 bankruptcy protection.read more...
Central Pacific Mortgage buys Ivanhoe Financial (Orlando Business Journal) National mortgage banking firm Central Pacific Mortgage has bought Ivanhoe Financial Inc.'s retail branch offices, wholesale production operation and operations center.read more...