KB Home Earnings Nearly Double, Outlook Raised
Builder KB Home on Thursday said quarterly profit nearly doubled and the company raised its 2005 earnings forecast, helped by higher prices, increased sales and lower overhead expenses.
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G-8 meets at time of darkest outlook in at least 10 years / Credit crunch, oil and mortgage crisis on agenda in Japan (San Francisco Chronicle) Between surging oil prices, food inflation and a credit crunch that's depressed global growth, leaders from the Group of Eight economic powers face the gravest combination of economic woes in
New Home Construction Up Slightly in May (Reg Req'd) The housing market is still booming with construction of new homes rising 0.2 percent in May.via
HSBC to close U.S. mortgage-backed securities desk (Reuters via Yahoo! News) Europe's biggest bank HSBC Holdings (O005.HK) said it had stopped selling and trading mortgage-backed securities in the United States, as part of 120 job cuts in its investment bank
Foreclosure Rentals "That story is really a travesty." The Mortgage Meltdown across the country is having ripple effects right here in the Tennessee Valley. via WHNT-TV Huntsville read more...
Ellie Mae adds real estate loan servicing ability Dec 16, 2005 --Mortgage technology provider Ellie Mae has added loan-servicing capability to its Encompass Mortgage Automation System through a new partnership with Multi Financial Services Co., the company ...read
Profile of E*Trade Financial's GC Name and title : Russell S. Elmer, general counsel and corporate secretary Age : 41 The company : E*Trade Financial Corp.read more...