UBS Scraps Costas's Hedge Fund After Mortgage Losses (Update3) (Bloomberg.com) May 3 (Bloomberg) -- UBS AG, the world's biggest asset manager, is winding down John Costas's hedge-fund unit after 11 months of trading and returning client money because of losses
Cop gets 57 months for mortgage fraud (The Indianapolis Star) Indy patrolman is 58th person conficted since mortgage-scam task force began in '02.read more...
Median U.S. Home Prices Fall For First Time Since 1995 Existing-home sales dropped less than expected in August, but prices dipped compared with a year earlier and inventories jumped, the National Association of Realtors reports.read more...
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Don't take out reverse mortgage in advance (Akron Beacon Journal) Q: My husband and I (ages 73 and 83) have a lot of equity tied up in our home of 40 years. Because we will probably need money in the
Treasury tracks subprime mortgage spike (AP via Yahoo! News) The government is monitoring the distress in the subprime mortgage industry and believes the current situation is "manageable," a high-level Treasury Department official said Monday.read more...
(ARA) – Many Americans are asking themselves what they should be doing in the wake of rising, and sometimes, fluctuating mortgage rates. It’s an important question because for many Americans their home equity represents the cornerstone of their personal wealth.
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