Types Of Bankruptcy

Mortgage industry group spent $3.7 million lobbying in 2007 (AP via Yahoo! Finance)   The mortgage industry's main lobbying group spent $3.7 million to lobby the federal government last year as it tried to fend off legislation to let bankruptcy judges rewrite mortgages


Chat Plus   Real estate editor Maryann Haggerty and columnist Elizabeth Razzi respond to a question adapted from a recent online chat.read more...


Fifth Third to raise $2B capital, cut dividend  In an effort to shore up its capital base, regional bank Fifth Third Bancorp said Wednesday it will slash its dividend, raise $1 billion through a preferred stock offering and


Mortgage woes doom Foxtons (The Star-Ledger)  While the mortgage crisis has claimed the life of one lender after another, real estate brokerages have escaped unharmed. At least until now.read more...


A ratio as important as your credit score  The debt-to-income ratio is an easy-to-calculate number tells a lot about your financial well-being and you don't have to pay to get it.read more...


Mortgage applications climbed last week: MBA (Reuters via Yahoo! News)   Mortgage applications rose slightly last week as a jump in refinancing demand overshadowed a drop in demand for loans to buy houses, an industry group said on Wednesday.read more...

August 30th, 2007

Why a U.S. Subprime Mortgage Crisis Is Felt Around the World (New York Times)

The global financial turmoil, ignited by the subprime mortgage problems in the U.S., has exposed the downsides of spreading risk so broadly that upheavals are felt worldwide.

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