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Workers upbeat despite American Home Mortgage closing  "That's not changing, that's never going to change. 'We're trying to help some people out, find them some employment, simple as that." Some companies fade away over time. American


Retired officer accused of $1.4m fraud  "In February 2004 the McIntyres were adjudicated bankrupt and their companies were placed into liquidation leaving many investors unpaid" A retired army officer and his wife received $1,438,100 to


Independent calculator gauges best mortgage deals (Scoop.co.nz)  An independent mortgage calculator to beat rising interest rates is receiving significant interest as the Reserve Bank announces its official cash rate (OCR) tomorrow.read more...


Showpiece House Harnesses Wisdom of the Ancients    Does the classical architectural style of ancient Greece and Rome have any relevance for today's homeowners? Did the builders of preindustrial-era houses develop climate-control techniques that could be adapted


Capital One Posts 3Q Net Loss on Charges   "Unfortunately, GreenPoint has run into unforeseen challenges that are beyond its control" Capital One Financial Corp. posted a third-quarter net loss Thursday, hurt by charges from shutting down its


Reverse mortgage take-up growing: study (AAP via Yahoo!7 News)  The value of Australia's reverse mortgage settlements grew almost two thirds last year as retirees tapped home equity to supplement income, a new study shows.read more...

December 29th, 2007

Top 10 business stories of 2007

The 2007 U.S. housing bust hit everyone from would-be sellers of suburban split-levels to German bankers, as mounting home foreclosures led to billion-dollar bank write-downs, frozen credit markets and … via Deseret Morning News



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