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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


Google Does It Again With 'Google Base'  'Base' is short for 'database,' which is what the online search engine-turned-Internet empire is starting up as soon as Wednesday.read more...


American Home Mortgage questions persist (Newsday)  American Home Mortgage Investment Corp.'s stock price Friday recovered about half the value it lost in Thursday's mass selloff, but questions persisted about the strength of the company.read more...


Middletown pastor denies paying mortgage with drug money (Dayton Daily News)  Keith Brooks pleaded innocent Wednesday to charges that he accepted drug money to pay the mortgage of a house he owned in Clearcreek Twp. in Warren Countyread more...


Regulators Looking To Revoke License Of Matthews Mortgage Broker (WSOC-TV 9 Charlotte)  State regulators are trying to revoke the license of a Matthews mortgage broker they say arranged home loans his customers could not afford.read more...


Delta Reports First Quarter Results  via

August 7th, 2007

Home-builder Toll Brothers expects 21% revenue drop

“In the near term, tightening credit standards for borrowers should reduce the pool of potential buyers: Liquidity and affordability issues may impede some customers from closing, while others may find it more difficult to sell their existing homes”

HORSHAM, Pa. – Luxury homebuilder Toll Brothers Inc. said today it expects to report a 21 percent decline in third-quarter homebuilding revenue, and cautioned that mortgage market troubles may cause further … via The Daily Times



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