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Britain to Nationalize Struggling Mortgage Lender (NPR)  The British government announced on Sunday that it will nationalize the struggling mortgage lender Northern Rock. The British government rejected two takeover proposals for the lender, which ran into trouble


Americans To Spend More Than $232 Billion On Home Remodeling In 2007  "With more than 120 million homes in the United States plus $11 trillion in owner equity, the demand for remodeling will be there now and in the future." Americans


How Shantytowns Become Real Cities  Come with me to Kibera: the largest shantytown in sub-Saharan Africa. More than 500,000 people live in this vast illegal section of Nairobi, in mud huts on mud streets, with


Can't Blame the Builder for a Down Market    Q: We bought a new house in January for $709,000. The builder is now selling similar homes in our community for $200,000 less. My neighbors and I are thinking


Concord man indicted on mortgage fraud (BizJournals)  An federal grand jury in Oakland has indicted a Concord man in connection with a $13 million mortgage fraud scheme.read more...


Board explores possible funding  The Uniontown Area School Board may be able to save the taxpayers from funding a portion of a $43 million renovation/construction project to the Uniontown High School by seeking help

May 22nd, 2006

The Mills Corporation Closes on $1.91 Billion Financing Facility from Goldman Sachs Mortgage Company (Business Wire via Yahoo! Finance)

ARLINGTON, Va.——May 23, 2006—The Mills Corporation , a developer, owner and manager of a diversified global portfolio of retail destinations, announced that on May 19, 2006 it closed on $1.91 billion of the previously announced $2.23 billion financings with Goldman Sachs Mortgage Company .

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