Manhattan real estate prices rise at record pace (Reg Req'd) I agree that these get-the-mortgage-done-at-any-cost activities are going to come crashing down.via
Treasury note gains on economic outlook Wall Street bid up the value of the 10-year Treasury note Wednesday as traders embraced the idea that the U.S. economy is weakening.read more...
Arizona weighs criminalizing mortgage fraud Arizona weighs criminalizing mortgage fraud Bill would impose penalties of up to 10 years in prison Mortgage fraud would be a felony in Arizona punishable by up to 10 years
The beginnings of a meltdown: Traders saw a cash cow in mortgage derivates (Seattle Post-Intelligencer) This is the first in a five-part series about the subprime mortgage crisis.read more...
Savers survive Fed cut The Federal Reserve doesn't do savers any favors when it lowers its target for the federal funds rate. Fortunately, financial institutions are clamoring for deposits and offer high-yield CDs, savings
Business digest An Annapolis nonprofit group has won a national award for its conversion of a historic Baltimore convent into affordable housing.via
WASHINGTON —President George W. Bush on Friday announced a set of proposals to deal with an alarming rise in mortgage defaults that have contributed to turbulent financial markets over recent weeks.
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