UBS reports further loss due to US mortgage crisis (ABC via Yahoo!7 Finance)
Swiss investment bank UBS has reported a further $11 billion in write-downs from its exposure to bad debt in the subprime US mortgage sector.
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Highland Hospitality Corporation Completes $35.0 Million Mortgage Financing On Westin Princeton at Forrestal Village (Hospitality Net) MCLEAN, Va., Highland Hospitality Corporation (NYSE:HIH) , a lodging real estate investment trust, or REIT, announced today that it has closed on a $35.0 million fixed-rate mortgage loan. The loan
Loan closer draws five-year sentence in KC mortgage fraud case (The Kansas City Star) A federal judge has ordered a Lenexa man to serve five years in federal prison and pay a $2,500 fine for his role in a high-profile mortgage fraud case.read more...
Cooling housing market could ripple across valley economy Housing, the rumble in America's 2005 economic engine, is widely expected to slow nationwide in 2006.read more...
Loomis mortgage lender files Chapter 11, moves to San Diego (BizJournals) EquiPoint Financial Network Inc., which got its start in 2004 in Placer County as a vehicle to roll up mortgage companies during the housing boom, is reorganizing itself in bankruptcy
International Mortgage Lenders Association Is Formed (PR Newswire via Yahoo! Finance) The primary mission of the Association, according to its acting Vice Chairman, Mr. Timothy Kelley, is to "significantly promote the economic development of the international mortgage lending industry by
Home sales down in the Mid South "I think it really is just the simple economics of supply and demand" Experts say it is now harder to sell your house in the Mid-South! Compared to this