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AIG's mortgage insurance unit's rating cut (AP via Yahoo! Finance)   Credit ratings agency Moody's Investors Service on Wednesday night cut the financial strength rating of United Guaranty Residential Insurance Co., the mortgage insurance subsidiary of American International Group Inc.read


Used-home sales slow down but not much  Sales of existing homes slowed slightly in May but still came in at the second-highest level on record with home prices hitting an all-time high.via


Lakeland Town Center Is Sold  A Clearwater-based investment company more than doubled its retail holdings in Polk County with Tuesday's purchase of the Town Center in Lakeland for $32 million. National Properties Trust Inc. has


'Challenging Environment' A 'Sign Of The Times'  Wall Street is sounding off on the housing bubble. "JMP Securities on Monday downgraded shares of a pair of homebuilders that operate in markets where the analysts see signs of


Goliath likely to win in Alamo  Three weeks ago, when we checked in with the residents of Bryan Ranch -- a sleepy little Alamo subdivision tucked up against bucolic Mount Diablo -- everyone was shocked and


Youngstown Thinks Small As Its Population Declines  This Ohio city is taking an unusual approach of allowing its depressed and depopulating areas to empty out to halt decay. read more...

September 6th, 2007

Congress Launches Proposals In Wake of Subprime Mess

Possible bills in both the House and the Senate would expand homeowner protections to cover more high-cost loans, crack down on prepayment penalties and prohibit brokers from steering borrowers toward more-costly loans.





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