Types Of Bankruptcy

Roland Arnall, Mortgage Innovator, Dies at 68 (NYTimes.com via Yahoo! Finance)   Mr. Arnall founded Ameriquest Mortgage, a company once billed as a sponsor of the American dream but later found itself at the center of the subprime mortgage crisis.read more...


Mortgage Applications Fall as Refinancings Drop (Fox News)  U.S. mortgage applications fell last week, dragged down by home refinancings slumping to a 17-month lowread more...


Comparing finance costs on a mortgage (Bankrate.com)  Dear Dr. Don, I am a bit confused about comparing offers from lenders. I see that the lowest rates also have the highest fees, but still have the lowest payment


One Of Mass.' Most Wanted Sought For Fraud  One of Massachusetts' most wanted men is accused of running away with $144,000 paid to him by a Plymouth family for a home remodeling project.Bill Penney, 38, allegedly started the


Credit market troubles hit two more funds  "As such there is no pending trigger of any facility conditions that would require immediate repayment" A second Australian hedge fund has become caught up in the subprime mortgage


Habitat for Humanity Families Block out Time for Halloween Celebration with Oscar Mayer Wienermobile   The Greater New Orleans Food Bank presented each attending family with a week's worth of food as part of a grant from Kraft Foods and the 27-foot long Oscar

September 21st, 2007

HSBC to Close U.S. Subprime Mortgage Unit, Cut Jobs (Update4) (Bloomberg.com)

Sept. 21 (Bloomberg)—HSBC Holdings Plc, the U.K. bank that was among the first to disclose soured U.S. home loans seven months ago, will shut its Decision One subprime mortgage unit and eliminate 750 jobs.

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