Types Of Bankruptcy

Alliance & Leicester says mortgage lending up (Reuters.co.uk)  LONDON (Reuters) - Alliance & Leicester AL.L said on Monday its share of new mortgage business was almost double its traditional share of the market in the first


Mortgage applications fall (Reuters via Yahoo! News)   U.S. mortgage applications fell for a third consecutive week as interest rates on 30-year home loans climbed to their highest levels since late March, an industry trade group said


Private Quarters: Penthouse is a work for art  "We go to the symphony and everybody's getting in their cars and we just laugh" Brenda Galina's favorite room isn't a room at all. It's her penthouse rooftop garden


Don't refinance home unless you cut spending  Question: We just met with a financial planner, and we are seeking a second opinion.via


The day after: Impact of Fed cut  "The Fed's cut yesterday would have been put into a little bit of doubt if you had an upside surprise on this number" One day after the Federal Reserve


HBOS tops forecasts with profit of 5.7bn  HBOS, the UK's fourth-biggest bank, today posted a 19 per cent rise in annual pre-tax profit to A 5.71 billion - equivalent to around A 181 every second.Commentread more...

July 13th, 2007

GE to sell subprime mortgage portfolio (Minneapolis-St. Paul Star Tribune)

HARTFORD, CONN. – General Electric Co. is getting out of the subprime mortgage business, the latest company to distance itself from an industry that seems to grow messier by the week. The industrial, finance and media conglomerate, announcing second-quarter profit Friday of $5.42 billion, said that it will take a $160 million hit on the sale but that it has dumped $3.7 billion of its subprime …

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