New investment product hedges against decreases in home values
Worried that the value of your home may fall? Go ahead, bet on it. Or if you don’t, maybe your mortgage holder will.
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Lake Alfred Seeks Input at Roundtable on Thursday LAKE ALFRED | The housing market may be in the dumps, but that won't stop the Lake Alfred Chamber of Commerce from working to jump start it. Chamber officials are
Warehouse lenders' role in mortgage woes All big mortgage lenders, and especially institutions that don't accept deposits, rely on warehouse lines of credit. When that money spigot closes, lenders go out of business.read more...
HSH Sues UBS Over Mortgage Losses (AP via Yahoo! Finance) Germany's HSH Nordbank said Tuesday it is suing Swiss bank UBS for $275 million in damages over losses stemming from mortgage securities gone bad.read more...
Mortgage loan repurchases deepen Block's loss (bizjournals.com via Yahoo! Finance) A one-time charge for mortgage loan repurchases led H&R Block Inc. to report an even larger loss for its normally slow first quarter.read more...
Owners of lender owe $57 million to company Tom Allison, hired to run USA Capital, answers a question at the company's Las Vegas office in April.read more...
Gov't tries to contain mortgage crisis (The San Luis Obispo Tribune) After a slow and stumbling start, official Washington is scrambling to try to prevent the unfolding mortgage crisis from pushing the country into recession during an election year. There is