Mortgage Losses Maul Bear (TheStreet.com) The investment bank swings to a loss amid increased writedowns on mortgage-related securities.
Rates on 30-year mortgages dip to lowest level in a month WASHINGTON -- Rates on 30-year mortgages dropped this week to the lowest level in a month as financial markets viewed new evidence of a slowing economy as a sign that
Even Height of Luxury Proves a Tough Sell The U.S. housing crisis arrived on July 14 at Stonebrook Court, the 26,000-square-foot Tudor-style home of California venture capitalist Kelly Porter. On that day, four months after putting the house
Justice Department Files Lawsuit Against Consolidated Multiple Listing Service of South Carolina for Restraining Competition Among Real Estate Brokers "Buying or selling a home is one of the most significant financial transactions in the lives of most Americans. The kinds of rules CMLS imposes stifle competition to the advantage
Senate approves $29 billion hurricane relief, reconstruction bill Overwhelming Senate passage of a bill bearing $29 billion to help rebuild after Hurricane Katrina has put the massive aid package a step away from being sent to President Bush
Societe Generale Profit Climbs 40 Percent on Derivatives, Trading Revenue Societe Generale SA, France's third- biggest lender by assets, said third-quarter profit increased 40 percent as earnings in investment banking jumped because of higher revenue from equity derivatives and fixed
Stocks fell Tuesday as existing home sales dropped and oil prices remained volatile.
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