Subprime mortgage industry meltdown (Bankrate.com) The nonprime mortgage business is in a mess because during the boom years, hardly anyone had an incentive to say no.read more...
Cool-Down In Housing Market Hits Rentals There used to be little doubt that owning your home was better than renting it. There's no reason to pay rent when you can pay a mortgage and build
Reliance, Vornado Join on Shopping Centers Vornado Realty Trust struck a joint venture with Indian conglomerate Reliance Industries to spend $500 million building and operating shopping centers in India, signaling the latest effort by a U.S.
Deficit Somewhat Lower, CBO Reports "The nation's debt burden continues to climb at the worst possible time, just before the retirement of the baby boom generation." The federal deficit for 2007 will be somewhat
It's 'buyer beware' on subprime loans Just because they'll lend you money doesn't mean they're not trying to get all you have.read more...
Officials Falling Behind on Mortgage Fraud Cases (NYTimes.com via Yahoo! Finance) Reports of suspected mortgage fraud have doubled since 2005, and government agencies say they cannot keep up. .read more...
‘We do anything we want,’ an aristocratic Dorothy Draper announced to Edward R. Murrow in a 1957 appearance on his live TV show, ‘Person to Person.’ Her use of the royal ‘we’ was typical of Draper, an interior …
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