Types Of Bankruptcy

H&R Block Late on Mortgage Unit Sale (AP via Yahoo! Finance)   H&R Block Inc. said Friday it won't meet its self-imposed March target for a deal to sell its Option One Mortgage Corp. operation because of weakness in the subprime


House mortgage bill doesn't offer bailout (Bankrate.com via Yahoo! Finance)   The Mortgage Reform and Anti-Predatory Lending Act of 2007 seeks to prevent borrowers and lenders from making dumb choices. It doesn't help troubled borrowers and lenders who made poor


Spaces finds a niche  Since opening her decorating business, Spaces Design & Planning, in Sparks 9 years ago, Kim Ciesynski has concentrated in commercial design and found a niche in multi-family housing.read more...


ABN AMRO Mortgage Group Agrees to Deal (AP via Yahoo! News)   ABN AMRO Mortgage Group Inc. has agreed to a $41 million-plus settlement with the federal government for falsifying documents in tens of thousands of loans insured by the Federal


Hawaii mortgage rates: 6.125% (bizjournals.com via Yahoo! Finance)   Less than a month after cracking 6 percent, Hawaii mortgage rates have hit 6.125 percent with what appears to be continuing upward pressure.read more...


Stocks up as investors await Fed move  Wall Street advanced for a second straight session Tuesday as investors placed bets that the Federal Reserve won't indicate that it's leaning toward an interest rate hike.Commentread more...

October 18th, 2007

Wachovia Net Drops 10% on Mortgage, Loan Writedowns (Update4) (Bloomberg.com)

Oct. 19 (Bloomberg)—Wachovia Corp., the fourth-largest U.S. bank, reported its first earnings decline in six years and missed analysts’ estimates after a record $1.3 billion of writedowns for bad loans and mortgage-backed securities.

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