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I hearby leave my mortgage to... (Financial Times)  Anew mortgage allowing homeowners to pass on their mortgage debt when they die and thereby cut the inheritance tax bill faced by their heirs was launched this week.read more...


Paris Hilton Heads Out Of the Hills  The celebrity socialite has has put her Los Angeles home on the market for $4.25 million; Anne Heche is asking just under $3.8 million for her residence; and more.


Group seeks cap on school spending  ''For me, personally, it feels like it's almost done," principal Michael Welch said nearly one year ago of the construction at Newton South High School.via


Wachovia returns to mortgage servicing (BizJournals)  Several years ago, Wachovia Corp., then called First Union Corp., sold its $38 billion residential mortgage-servicing portfolio. As it did with credit cards, the bank was exiting what it referred


Getting Lower Closing Costs  Two companies can review your loan documents, but are the services really needed?read more...


Advent leads buyout of Mexican mortgage lender (BizJournals)  Buyout specialist Advent International has organized a consortium of private equity investors to acquire a majority interest in Hipotecaria Casa Mexicana (HCM), a mortgage-lending firm in Mexico.read more...

November 28th, 2007

Kathleen Pender: Wells Fargo woes show breadth of mortgage meltdown (San Francisco Chronicle)

Here’s more evidence that you can’t call the mortgage crisis a subprime problem. On Tuesday, Wells Fargo said it will set aside $1.4 billion for home-equity loans it expects to go bad in 2008 and 2009. What it didn’t say in its news release was that these are…

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