Two Bay Area men who ran mortgage scheme sentenced to prison (North County Times) SAN FRANCISCO -- The two founders of a Bay Area company that prosecutors say victimized thousands of people in a mortgage scheme will be spending a long time behind bars.read
U.S. mortgage applications surge (Detroit News) U.S. mortgage applications rose last week by the most in almost a year, as low interest rates contributed to a record number of requests for loans to buy houses. Applications
Merrill Lynch to Buy First Republic Merrill Lynch & Co., the biggest U.S. retail brokerage, said Monday it will buy San Francisco-based wealth manager First Republic Bank for $1.8 billion in cash and stock.Commentread more...
Top Business News 12/23 Retailers are hoping for a last-minute rush. We'll get an idea about shoppers' mindsets when the government releases its consumer sentiment index.read more...
Don't be dumb: Keep your 401(k) A frighteningly large number of Americans cash out their 401(k)s when they change jobs.read more...
Commercial Mortgage Delinquencies in California Up Only Slightly (Commercial Property News) The bad news is that commercial real estate loan defaults in California have tripled since last quarter and doubled since a year ago, according to the latest quarterly report from
Scottsdale’s Green Building Program reached another major milestone with the issuance of 463 green building permits in 2005.
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