New law cut bankruptcies
The ranks of people seeking to erase their debts have thinned noticeably in the year since the biggest changes in U.S. bankruptcy laws in a quarter-century took effect.
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Tennessee Commerce's income rises 52% Tennessee Commerce Bancorp Inc. reported a 52% increase in third-quarter net income to $720,000 from $473,000 a year earlier.read more...
Deal to Buy Mortgage Company Collapses (NYTimes.com via Yahoo! Finance) In a sign of continuing mortgage industry woes, PHH, one of the largest originators of residential home loans, said it is scrapping a planned $1.8 billion sale. .read more...
Thornburg still going strong Garrett Thornburg, chariman and CEO, center, says the company has in reserve about 38 cents per share of undistributed taxable income to support the divident in case future earnings temporarily
Doral Faces Some Music When it rains, sometimes it pours. Doral Financial started off a few years back as a great little Puerto Rican mortgage bank that nobody had heard of.via
2 surrender in subprime mortgage collapse case (AP via Yahoo! News) Federal authorities say two former Bear Stearns managers have surrendered in New York City to face criminal charges in the wake of the collapse of the subprime mortgage market.read
When smaller means more "How comfortably, how sensibly a home lives has percolated into the consciousness." Two vastly different worlds are converging in home building today. One is expressed in mega-square footage with