Real Estate People
Confused by all the Mortgage Options? Here's Help (Kewanee Star Courier) (ARA) - Fixed rate. Adjustable rate. Interest Only. Flex. All of the different types of home loans that are available these days can puzzle many homebuyers. But, say mortgage experts,
Wachovia Net Drops 10% on Mortgage, Loan Writedowns (Update2) (Bloomberg.com) Oct. 19 (Bloomberg) -- Wachovia Corp., the bank that's spending more on acquisitions than its biggest competitors, reported earnings that missed analyst estimates after $1.3 billion in writedowns for mortgage-backed
Commercial Real Estate Loans Scrutinized While banks and other lenders may fret these days about consumers' ability to repay home mortgages as interest rates rise, they have another concern: the commercial real estate market.read more...
UConn officials criticized in two audits of UConn 2000 projects Two new reports on the University of Connecticut's troubled $2.3 billion construction program criticize school President Philip E. Austin and other top officials for poor oversight of the building projects.read
US FTC Says Some Mortgage Ads May Still Be Deceptive (Nasdaq) Some of the mortgage advertisements currently appearing on Web sites, in newspapers, magazines, direct mail and unsolicited email and faxes may be violating federal law, and the Federal Trade Commission
E-Trade backs off profit outlook amid more securities write-downs "Accordingly, management believes it is no longer beneficial to provide earnings expectations for the remainder of the year." Trade Financial shares slumped as much as 13% in late trading