Shanghai and Beijing property to fall
CLSA’s head of property predicts residential price declines of 25% to 30% over two years.
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Wachovia board forces out CEO Ken Thompson Wachovia Corp. chief executive Ken Thompson was pushed out Monday as head of the nation's fourth-largest bank, becoming the latest financial services executive to be ousted amid turmoil in the
Families should assess insurance needs Not all families are the same when it comes to insurance needs. Established families with middle-age parents and older children need more of some kinds and less of others.read more...
Christian center to tackle meth By November, a nonprofit plans to open a 44-person residential treatment facility for chronic drug and alcohol addicts in a century-old building in downtown Duluth.read more...
US new home sales rise by 2.1 pct in Sept New home sales in the United States rose by 2.1 percent in September after having fallen a huge 11.6 percent in the previous month, the Commerce Department reported Thursday.read more...
Thornburg Mortgage posts $3.31 billion loss (Washington Post) BANGALORE (Reuters) - Thornburg Mortgage Inc (TMA.N), a specialist in jumbo home loans that nearly went bankrupt in March, on Thursday posted a $3.31 billion first-quarter loss as the value
Smaller banks boost share of home loans MORTGAGE (The Florida Times-Union) The mortgage meltdown has mauled mortgage lenders and some banks who, in a housing-boom induced frenzy, handed out money to homeowners with iffy credit. Having smelled blood, smaller banks -