Types Of Bankruptcy

Mortgage crash hits new home sales (CNN Money)  The mortgage bomb hit the demand for new homes even harder than expected in August, leaving the nation's builders with their weakest level of sales since the summer of 2000,


Barclays bank to axe hundreds of British workers  LONDON : Barclays, Britain's third-largest bank, has outlined plans to axe as many as 1,200 jobs over the next two years as part of an overhaul of the group's under-performing


Trends, characteristics of senior home sellers profiled in national survey  Nearly half of all seniors use the Internet as part of the home selling process, while most senior home sellers relocate less than 50 miles away from their primary residence,


Greenspan defends subprime mortgage market (USA Today)  Former Federal Reserve chairman Alan Greenspan defended the U.S. subprime mortgage market, arguing the repackaging and sale to investors of risky home loans not the loans themselves was to blame


US mortgage banks look for Europe funding (FT.com via Yahoo! News)   US mortgage banks have begun looking to Europe for funding options outside the Federal Home Loan Banking system, in part as a response to proposed changes to how the


Fed May Finally Be Finished Raising Rates   The Federal Reserve may finally be ready to halt its two-year campaign to raise interest rates, but with soaring energy prices threatening to make inflation worse any pause may be

February 20th, 2006

Council rejects ban on turning homes into rental units

A borough ordinance recommended by the Planning Commission which would prevent homeowners from converting their properties into rental units failed to pass through borough council.

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