Economy ‘poison chalice’
A SEVERE economic downturn awaits the winning side in the general election, leading financial institutions said yesterday as more signs emerged of worsening business conditions.
via
Five people indicted in mortgage fraud scheme (Boston Globe) Five people have been indicted for allegedly falsifying bank documents to obtain fraudulent mortgage loans.read more...
The Custom McMansion Many mass-market home builders are getting into the custom-home game -- once almost entirely the province of boutique builders. The reason is simple: Custom-home building is more profitable for builders
NC House backs Gov.'s mortgage foreclosure plan (AP via Yahoo! Finance) Subprime mortgage holders struggling to make their payments would receive assistance from the state to get more favorable terms in a plan that advanced through the North Carolina House.read
Households 10 per cent worse off than four years ago The average UK household is 10 per cent worse off now than it was four years ago as a result of rising mortgage costs and massive hikes in utility bills,
Economic boost A manufacturer, a defense contractor and a cell phone company last week demonstrated their belief that Fort Wayne is a good place to do business.read more...
New Home Sales Continue to Rise Sales of new homes in the United States increased to the highest level on record in March, the Commerce Department said yesterday. via