Housing firms’ stocks up
The need for new housing in the wake of Hurricane Katrina’s assault on the Gulf Coast drove up the stock prices in housing builders and developers on Wednesday, including two companies based in metro Detroit.
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One couple's mortgage mess (WABC-TV New York) A couple on Long Island thought they were home free, celebrating after 15 years of mortgage payments. But it turns out, instead of owning their home they still owe nearly
Bear Stearns 3Q Profit Swells 34 Percent Investment bank Bear Stearns Cos. on Thursday said its third-quarter profit swelled 34 percent to beat Wall Street targets, helped by strength across most of its businesses.read more...
Kennedy on track to open on time City inspectors signed off on the new Kennedy Middle School yesterday just in time to open the doors to students this morning.read more...
Credit default train wreck bearing down on economy (Reg Req'd) In a recent speech, Alan Greenspan let the housing bubble out of the bag. Now that he's validated its existence, is there anything to add to what's no longer a
It's Not Easy Being Cheap Home prices at the lower end of the Bay Area real estate spectrum gained momentum in the first quarter, although they were eclipsed by even stronger gains in parts of
Mortgage unit sale boosts National City's 4Q profits (bizjournals.com via Yahoo! Finance) A $1-per-share gain on the sale of its non-prime mortgage company added heft to National City Corp.'s fourth-quarter and full-year earnings.read more...