Hedge Funds' Paulson Trades Up Hedge-fund manager John Paulson paid $41.3 million for a 10.4-acre compound in Southampton, N.Y. "Friends" actress Jane Sibbett cut the price of her hilltop ranch again. Art dealer Lawrence Salander
With home values shrinking and loans becoming more difficult, some are looking at mortgage modification. Video (ABC 15 Phoenix) For sale signs, foreclosures, and cash strapped families have become common with the down economy and housing crisis. Seeing home values shrink, many are turning to mortgage modification as a
Region fares well--mostly--as result of mortgage meltdown (BizJournals) Martin Pfeiffenberger has seen more mortgage applicants walk through the door of his Maple Tree Funding this year than he did last year.read more...
Investors file lawsuits in mortgage meltdown (Times Leader) WASHINGTON ? Lawsuits blossomed after Enron Corp.?s collapse, many targeting the energy giant?s bankers. Wall Street firms could again become the bull?s-eye for investors seeking recourse from the subprime mortgage
D.R. Horton posts $1.3B 2Q loss "Although market conditions in the home-building industry remain challenging, we continue to focus on reducing inventory and generating cash flow from operations" D.R. Horton Inc. , the nation's largest
Free Land Populates Great Plains PROMISED LAND: In an effort to revive declining populations and boost local economies, several Kansas and Nebraska communities are offering free property to newcomers.read more...
“If you’re going to park money temporarily then cash I think is the way to be but I think that we’re going to form a bottom. I think people are going to be legging back into the market.”
Wall Street suffered its biggest plunge of the year Thursday, leading global markets lower as investors fled stocks amid increasing uneasiness about the mortgage and corporate lending markets. The Dow Jones industrials fell more than 430 points, while Treasury yields plunged as investors moved money into bonds.
Investors who had been able to shrug off discomfort about subprime mortgage problems and a more difficult environment for corporate borrowing appeared to finally succumb to those concerns. The Dow surpassed the 416 points it lost on Feb. 27 after a nearly 10 percent decline in Chinese stock markets. Read more
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