Types Of Bankruptcy

Legislation would send some insurance cash directly to homeowners  Homeowners eager to get insurance money to start repairs after a fire or hurricane would no longer have to wait on their mortgage lenders' signatures to pocket some of the


New digs for those little darlings  The UK's student population is at an all-time high and steadily rising. This has resulted in a mounting demand for accommodation in several university towns that has served to significantly


JPMorgan Chase's profit drops 50 pct in 1Q on reserves boost   "However, we are prepared to manage through this down part of the economic cycle, given the strength of our liquidity, credit reserves, capital and operating margins, and to successfully position


Chancellor to meet mortgage lenders (ePolitix.com)  Chancellor Alistair Darling is meeting with mortgage lenders to discuss ways to reinvigorate the housing market.read more...


The Bad News On Condos    Two years ago, during the giddy real estate frenzy, some investors bought 300-plus garden-style apartment units in Fairfax County to convert to condominiums. read more...


FSA quality of mortgage advice probe reveals failings (Money Marketing Online)  The Financial Services Authority has revealed ongoing failings by firms in preliminary findings from its quality of mortgage advice investigation.read more...

November 16th, 2007

Fannie Mae Plunges Amid Concerns About Mortgage Loss Accounting (Bloomberg.com)

Nov. 16 (Bloomberg)—Fannie Mae tumbled, heading for its biggest two-day drop since 1987, after executives at the mortgage- finance company failed to ease investor concern that it may have downplayed credit losses.

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