Types Of Bankruptcy

Ahead of the Bell: Mortgage Lending (AP via Yahoo! Finance)   Senators will scrutinize home lending practices Tuesday when they convene a hearing on how to protect consumers from mortgage abuses.read more...


Official: Polk Has Enough Water  CHAMPIONSGATE | It's no surprise that water would be a major part of any discussion about growth in Polk County.What is something of a surprise to many is that there


Interested in reading about the housing bubble?  A day doesn't go by without an article in some major newspaper about the housing bubble, when it's going to burst and what will happen to the economy.read more...


FTC Moves to Stop Telemarketer Using Phony Caller ID  A nationwide telemarketer of mortgage loans has been calling people whose numbers are listed on the National Do Not Call Registry, and doing so without identifying itself, according to the


Option ARM swings debt blow  The common denominator: They offer a cut-rate payment option that eventually can leave the homeowner owing more than was borrowed.read more...


From boom to bust?  "As a butterfly flaps its wings in Japan, a storm breaks out over Iowa". Or something like that.read more...

November 28th, 2007

Bear Stearns to Cut 650 Jobs Amid Mortgage Losses (Update2) (Bloomberg.com)

Nov. 28 (Bloomberg)—Bear Stearns Cos., the biggest underwriter of U.S. mortgage bonds, will eliminate 650 jobs in the firm’s fourth round of cuts this year amid mounting losses on subprime home loans.

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