Business Notes
Kentucky American Water bought Owenton’s water system yesterday. Owenton Mayor David “Milkweed” Wotier said the sale was a good thing for the city, which has had water supply problems this summer.
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Tentative accord reported in Met Mortgage suit (Seattle Times) A tentative settlement has been reached in one of the lingering lawsuits stemming from the 2004 collapse of Metropolitan Mortgage & Securities...read more...
'Cracks In The Armor' Of Subprime Players: CEO The LA Times has this report on infighting among subprime lenders. "Brutal competition in the shrinking home loan market has caused "irresponsible players" such as Ameriquest Capital Corp.read more...
Most just browsing real estate sites Only a fraction of real estate Web site visitors are in the market to buy or sell a home, company surveys find.read more...
Mortgage Volume Rises With An Increase In Purchase Activity (Nasdaq) (RTTNews) - Industry data released on Wednesday from the Mortgage Bankers Association showed a mild increase in mortgage activity last week. A jump in mortgage purchases bolstered the market, despite
Economists expect more rate increases this summer Federal Reserve policymakers may have a busy summer ahead. Fed Chairman Ben Bernanke and his colleagues are widely expected to raise interest rates by a quarter-percentage point for the 17th
County Has Grown by 12 Percent Since 2000 read more...