Metro area foreclosures climb 36%
Metropolitan Indianapolis’ sky-high pace of home foreclosures continued last year as lenders took back about 27,500 houses—almost 36 percent more than in 2005.
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Countrywide Q1 loss tops $890 million; blames mortgage industry meltdown (Los Angeles Daily News) CALABASAS -- Countrywide Financial Corp. on Wednesday reported a first-quarter loss of $893 million, which it blamed on soaring costs associated with the meltdown of the mortgage industry.read more...
Disney Rumors Spur Shanghai Money Grab Disney fever is sweeping Shanghai, and it has little to do with giddy anticipation of Mickey Mouse. It's about cash. Homeowners and businesses expect their properties will be bought up
Barnhart left legacy in Valley That's how I felt when reading the Letter to the Editor from Robert D. Mollenauer Jr., of Ridgecrest, Calif., in reference to his late great-grandfather, Robert L. Barnhart.via
American Home Mortgage to Buy Waterfield (AP via Yahoo! Finance) American Home Mortgage Investment Corp., a real estate investment trust, said Friday it agreed to buy mortgage loan originator Waterfield Financial Corp. for an undisclosed sum.read more...
Sierra Bible Church classes help households find financial peace Francis Rosal and his wife, Shannon, both had stable jobs, impeccable credit, and an active lifestyle, but after Sept.read more...
A close look at the 'housing mania' Last week, we discussed the phenomenon of manias, including housing, stock and credit.via