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Construction Supplies, Trailer Reported Stolen  "I was just really disturbed, really upset. I just felt like I had lost something really big there." Thieves are making progress difficult for some construction crews. Someone or


Last man standing  "I'm the last one left," says plastering contractor Mel Wollenschlager. At 73, Wollenschlager, who says he's the only plasterer in Bloomington-Normal, is working more than he wants.read more...


Opening Glance: Mortgage Lenders decline (AP via Yahoo! Finance)   Shares of mortgage lenders slipped Monday after a Friedman, Billings, Ramsey analyst downgraded Countrywide Financial Corp. to "Underperform."read more...


Mulling Insurance Doubling Its Size  read more...


Existing Home Sales Dip  Sales of previously owned homes dropped 2.6 percent in July as mortgage rates crept up.read more...


Mortgage rates inch up (UPI)  The U.S. housing market saw mortgage rates inch up this week as a report showed home prices in 10 major U.S. cities continued to decline.read more...

March 14th, 2007

Drive to make deals fuels mortgage woes

Why such carnage in the subprime mortgage market? Everyone in the real estate business has incentives to make sure deals happen—even unwise ones.

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