Subprime-mortgage woes trigger a loss for Alesco (The Philadelphia Inquirer) This year's subprime-mortgage turmoil has forced a Philadelphia specialty-finance company to record an unrealized loss of $65.6 million on its $3.6 billion portfolio of mortgage-backed securities.read more...
How to Cast a Mortgage Lifeline? (NYTimes.com via Yahoo! Finance) Any approach taken to address the subprime meltdown must not be too generous in shielding people and businesses from the consequences of their own bad decisions.read more...
New Building Material Sparks Interest read more...
Projects turn spotlight on energy efficiency By Mike Levin - Business Edge Published: 06/09/2005 - Vol. 1, No. 11 Two residential housing projects in Ottawa are trying to prove that transforming energy efficiency theory into reality
Builder Confidence Falls Slightly Builder confidence in the market for new single-family homes edged down somewhat in August but remained well within the elevated range that has characterized the past 17 months, according to
HUD opens new dialogue on mortgage reform The U.S. Housing and Urban Development Department is relaunching its effort to reform outdated rules under which mortgages are issued and home transactions are closed.via
WASHINGTON, D.C.—U.S. Sen. George V. Voinovich’s,R-OH, Mortgage Relief Act—legislation to change current law that forces individuals to pay income tax when they have part of their mortgage loan forgiven or are forced to foreclose because of inability to pay their mortgage—today overwhelmingly passed the House by a vote of 386-27. Voinovich called on Senate leadership to rush the bill to …
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