Personal Finance Daily — Oct. 20
QUARTER REVENUE JUMPS 96% TO $1.58 BLN PERSONAL FINANCE DAILY THURSDAY’S PERSONAL FINANCE STORIES We have taken cheap energy, especially cheap gasoline prices, for granted for decades.
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FBI probes big mortgage firms (Australian Broadcasting Corporation) The FBI's criminal probe of the mortgage lending industry has grown to 17 firms, involves large companies and could take years to conclude, bureau officials said.read more...
General Electric's WMC Mortgage Cuts Subprime Jobs (Update1) (Bloomberg.com) March 9 (Bloomberg) -- General Electric Co.'s U.S. mortgage unit will eliminate 460 jobs, or 20 percent of staff, as it curtails lending amid a rise in defaults by people
Nevada Power Prices Private Offering of 6.50% General and Refunding Mortgage Notes, Series O, Due 2018 (SYS-CON Media) Nevada Power Company (the 'Company'), awholly-owned subsidiary of Sierra Pacific Resources (NYSE: SRP), todayannounced that it priced a private offering of $250 million principalamount of its 6.50% General and Refunding
Put inflation on short leash As Wall Street knows too well, cheering for last week's drop in gasoline prices is premature.read more...
H&R Block, Cerberus terminate sale of Option One Mortgage (The Kansas City Star) H&R Block?s deal to sell its Option One Mortgage Corp. has fallen through, Block said today, so it is scrapping much of the subprime lending business.read more...
Higher volume, more complaints threaten rash of lawsuits With the residential home construction business booming the way it is these days, it also stands to reason that complaints about workmanship and materials would also go up.read more...