Types Of Bankruptcy

Lenders Gain Upper Hand on Freibaum  As one of the most powerful chief financial officers among U.S. mall owners, Bernie Freibaum has held considerable sway for years over financial backers of General Growth. But as Freibaum


Fixed Mortgage Rate Rises Grind To A Halt (Scoop.co.nz)  The much vaunted rise in mortgage interest rates following the recent Official Cash Rate increases, ground to a halt in January, according to the latest Blue Chip Financial Solutions (NZ)


Realty Check: Handpicking an Agent   You want to sell your home but don't have a real estate agent yet. Don't worry; you're not in a pickle. via MyATLtv.com read more...


Homes Now Beyond Reach for Many  read more...


Troubled mortgage lender NovaStar Financial CEO vows to fight on (The Canadian Press via Yahoo! Canada News)  OVERLAND PARK, Kan. - The chief executive officer of former subprime mortgage lender NovaStar Financial Inc. said Thursday the company is still in a precarious position, but he hopes this


Books2Bricks students getting benefit of expert building help  TEC Building Trades 1 students Steven Austin and Daniel Booth put in the floor trusses of the Books2Bricks house being constructed by students with the help of the Botetourt Education

October 19th, 2007

Powers Vow to Limit Credit Crisis Damage

“The housing decline is still unfolding and I view it as the most significant current risk to our economy”

Finance officials from the world’s top economic powers pledged Friday to do all they can to limit damage to the global economy from a jarring credit crisis as Wall Street took another plunge.

‘We remained committed to doing our part in sustaining strong global growth,’ the finance officials said in a joint statement. While saying the functioning of global financial markets was improving somewhat, they warned that ‘uneven conditions are likely to persist for some time and will require close monitoring.’ Read more



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