Texas Bankruptcy Laws

Bank's profit up 30% on widening margin  SHANGHAI: Shanghai Pudong Development Bank's first-half net profit rose by 30.83 per cent to 1.60 billion yuan , or 0.41 yuan per share, on the strength of a widening profit


30-yr. mortgage rate lowest since March (Philadelphia Daily News)  Rates on 30-year mortgages dropped this week to the lowest level in more than six months. Mortgage giant Freddie Mac said yesterday that 30-year, fixed-rate mortgages fell to 6.31 percent


The Mortgage Clinic: 'Is it madness to go for a cheap SVR?' (Independent)   We're seeking another two-year fix but the best mortgage we can find is a very high 6.25 per cent. This is almost unaffordable for our £140,000 interest-only loan,


Rate Trend Index -- Mortgages  Each week, Bankrate.com surveys experts to gauge which way the interest rates are headed on mortgages -- a vital tool if you're about to buy a home.read more...


Real Wood Floors: Achieving a New Look with Stain  With the growing popularity of home remodeling shows, savvy homeowners are looking for easy ways to achieve a new look at minimal cost.read more...


6 costly mortgage myths  Think you can't get a mortgage if you have some dings on your credit? Or that it's always best to pay off the mortgage early? If so, it's time to

October 23rd, 2007

Merrill takes $7.9B mortgage hit (CNN Money)

Merrill Lynch & Co. Inc. took a $7.9 billion writedown in the third quarter due to bad mortgage bets, well exceeding its initial estimates and raising questions about the bank’s future leadership.

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