Types Of Bankruptcy

Florida man pleads guilty in mortgage scam (AP via Yahoo! Finance)   A Florida man has pleaded guilty in Alabama to defrauding a mortgage company out of more than $2 million in a scheme involving the purchase and resale of more


Exercise Machines Introduced in 1920s  Health clubs and workout machines are common today in the United States, but in past centuries, hard physical work was all that was needed to stay in shape. Although group


Mortgage Giants Avert Potential Disaster   A potential financial disaster that could have shaken the housing market was averted because regulators discovered accounting failures at Fannie Mae and Freddie Mac, the new head of the agency


Tapping 401(k) after disaster should be last resort  People hard up for cash - whether they've been set back by a job loss or a disaster such as Hurricane Katrina - may be tempted to tap their 401


Pricing and Marketing Your Home on Your Own  Selling a home without the help of a real-estate agent isn't always easy, but it can be done.read more...


New Potomac Names CFO to Lead CDO...  Vickery NEEDHAM, MA-Potomac Realty Capital LLC has selected Stephen E. Vickery to be chief financial officer.read more...

June 24th, 2007

US mortgage losses may be higher

“The large volume of subprime ARMs scheduled to reset at higher rates in ‘07 and ‘08 will pressure already-stretched borrowers”

LOSSES in the US mortgage market may be the “tip of the iceberg” as borrowers fail to keep up with rising payments on billions worth of adjustable-rate loans in coming months, Bank of America Corp analysts … via Shanghai Daily



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