First Magnus, Mortgage Lender, Files for Bankruptcy Protection (Bloomberg.com) Aug. 21 (Bloomberg) -- First Magnus Financial Corp., the second-largest privately held U.S. mortgage company, filed for bankruptcy, less than one week after it shut down its lending operations.read more...
Retirees Selling Homes and Migrating North read more...
Seeking a bit of Potter magic Grocery stores and other multi-purpose retailers could be looking to conjure up some extra revenue by selling the sixth book in British author J.K. Rowling's Harry Potter series, an industry
Confused by all the Mortgage Options? Here's Help (Kewanee Star Courier) (ARA) - Fixed rate. Adjustable rate. Interest Only. Flex. All of the different types of home loans that are available these days can puzzle many homebuyers. But, say mortgage experts,
EDA to list city lots with local agency Byron Kroeger The Lakefield Economic Development Authority passed a motion during their regular meeting last Friday whereby they decided to list the six available city residential lots with the Stan
Fresh warnings on housing costs "The long-term rate of house building hasn't kept up with rising demand, causing long-term house prices to increase" The gap between incomes and house prices has grown rapidly The
“Nevertheless, with financial markets around the world now being affected by the fallout from the U.S. subprime mortgage difficulties, a broader economic slowdown cannot be ruled out”
The recent global credit squeeze caused by the meltdown of risky U.S. mortgage loans may test the ability of the world’s economy to keep expanding, the International Monetary Fund said Wednesday.
The IMF also said government policymakers would be confronted with new problems from the continuing process of globalization and warned against overconfidence that economic stability would continue indefinitely.
In the analytical chapters of its World Economic Outlook released in advance of the Oct. 17 publication of the forecast, the IMF said the durability of the global economic expansion is likely to persist. Read more
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