Mortgage Slump Could Derail Economy (AP via Yahoo! Finance)
When Domenico Colombo saw that his monthly mortgage payment was about to balloon by 30 percent, he had a clear picture of how bad it could get.
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China sells first pools of bad loans China Cinda Asset Management plans to securitise 4.75 billion yuan in bad loans acquired from Bank of China, creating the first debt instruments formed from the country's non-performing bank assets.Commentread
Using Equity, Credit Cards to Pay Bills is Troubling It has even changed the way we look at our homes. * * * A new national study shows that more people are making mortgage payments with their credit cards
At $133 a gallon, the paint might run dry "There's nothing more expensive than cheap paint." So say the folks at Pantone, which is escalating the paint wars with the introduction of its first retail paint line, selling for
FBI: 25 indicted in mortgage-fraud scheme (Rockford Register Star) The FBI said 25 people have been charged in one of the biggest mortgage-fraud schemes ever prosecuted in the Chicago area. read more...
Terror Suspects Visited Pocono Firing Range It's news that has rocked the tight knit community of Gouldsboro, Wayne County. According to the criminal complaint, the six suspects arrested in connection to a Fort Dix terror
Manayunk happening You've probably seen the lusciously colored Marimekko-meets-mid-century-modern patterns of textile designers Galbraith & Paul all over the pages of decorating magazines.read more...