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Homeowners see tax breaks If you don't own an oil well and you can't give a million dollars to charity, there's a good chance you might still have one fairly decent tax deduction this
Megaworld ties up with Deutsche Bank on mortgage financing (INQ7 Business) MEGAWORLD Corp. has inked a memorandum of understanding (MoU) with RREEF, a division of Deutsche Bank AG, about studying the creation of a mortgage financing program for Megaworld's real estate
Painting your domain Painting a room in your home can be an intimidating experience. Do you want a classic look or faux finish? Should you roll, trowel or sponge it on? And, most
Prince William County Home buyers shopping for property in Prince William County in 2005 had to contend with a market in which prices increased sharply in almost every neighborhood -- and at
IndyMac scraps IPO plan for reverse-mortgage unit IndyMac Bancorp on Wednesday said it'll pay $40 million to the chief executive of its reverse-mortgage unit, Financial Freedom, as it ruled out an initial public offering for the company
Citigroup Inc. said Thursday it plans to assume control of the seven ‘structured investment vehicles’ the bank advises to help them repay their debts.
Citigroup will provide a ‘support facility’ for its seven SIVs with investments totaling $49 billion and incorporate them onto its balance sheet. The bank previously said it had no plans to bring the SIVs onto its books.
SIVs are complex investment funds established by banks like Citigroup and sold to investors. SIVs borrow money by selling short-term debt like term notes and commercial paper, then using the borrowed money to buy bank, mortgage and credit card debt that yield higher returns. Read more
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