Bear Stearns Posts First Loss on Mortgage Writedowns (Update6) (Bloomberg.com) Dec. 20 (Bloomberg) -- Bear Stearns Cos., the securities firm that helped trigger the collapse of the subprime market, reported its first-ever loss after writedowns for mortgage holdings and declines
A rebuilding process (Reg Req'd) Hurricane Katrina destroyed thousands of homes, but it was the damage to timber and sawmills in the storm-ravaged region that immediately drove up the price of some construction materials nationwide.read
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Fabulous on the Fundamentals When Ray Davis moved west from Atlanta in 1994 to run a tiny $130 million-asset bank in Oregon's lumber country, some thought him nuts.read more...
Investing in real estate cools off Individuals are pulling back from buying homes and condos as an investment, in a move that could further cool the housing market.read more...
Demand 'to spark mini property boom' Pent-up demand from first-home buyers and softer house prices are likely to trigger a mild resurgence in the residential property market next year, a non-bank lender predicts.read more...
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