Texas Bankruptcy Laws

Money flows to state coffers  Tax collectors create surprising revenue boost of nearly $85 million The Olympian, news services Robust tax collections have produced an unexpected windfall in the past month of nearly $85 million,


McCain backs takeover of mortgage giants (Adelaide Now)  REPUBLICAN presidential hopeful John McCain backed a government takeover of two mortgage giants today while his Democratic rival warned that taxpayers should not bail out their shareholders.read more...


Investors hope to cash in on mortgage defaults (Arizona Daily Star)  NEW YORK ? Bryan Whalen and Ike Spirou have never met. But through the world of modern mortgage finance, their fates are inextricably linked.read more...


Dodd Comments On Mortgage Deals  Sen. Christopher Dodd admitted today that he and wife were told during their 2003 loan process with Countrywide Financial Corp. that they were being included in a special VIP program


Rising mortgage rates push buyers from ARMs (The News Journal)  Looking to move closer to her job and get a bigger backyard for her son to play in, Dionne Davis bought a three-bedroom, one-bath ranch house in Fairfield, Ohio, early


Warning over rise in fixed rate mortgage fees (Daily Telegraph)  Banks and building societies have raised their fees on fixed rate mortgage products in a bid to cash in on homeowners' nervousness over interest rates.read more...

September 4th, 2007

Pending Home Sales Sink in July

Pending sales of existing homes fell in July to the lowest level in nearly six years as borrowers struggled to finalize home purchases, particularly in expensive areas.

The National Association of Realtors said its seasonally adjusted index of pending home sales for July fell 16.1 percent from a year ago and 12.2 percent from the prior month.

July’s reading of 89.9 was the second-lowest ever for the index and its lowest since September 2001, when the economy was jolted by the terrorist attacks. Read more



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