The Price Still Isn't Right Buyers are declining environmentally friendly features. That may change Once the province of custom homebuilders and small niche players, green building is catching on with the giants of the home-construction
Deja Vu for Bond Exchanges With Archipelago announcing in October that it's going to trade listed corporate bonds on its electronic trading system, electronic bond trading systems providers might be a little nervous.read more...
Living large on a mortgage of last resort (The Arizona Republic) In a sign of how comfortable Americans are becoming with tapping their home equity, retirees are increasingly drawing on it to finance a more lavish lifestyle. The tool involved is
U.S. Stocks Fall This Week as Slowing Job Growth Hints at Economic Cooling U.S. stocks fell for the week after a report showed the lowest job creation since August 2003 and oil prices climbed.via
'Shop' Talk & Hot Air That's the buzz these days, as two new shopping-tilted titles hit the increasingly crowded field.via
At Toyota, Homes Are Built Like Cars Cubicles that are bits of homes, tucked with stairways, built-in closets and pink bathtubs, roll off the assembly line at a bustling Toyota plant in central Japan - not the
“There’s still plenty of risk involved”
Bank of America Corp. said Friday it has agreed to buy Countrywide Financial for $4 billion, a deal that rescues the country’s largest mortgage lender.
It comes just months after Bank of America plugged $2 billion in Countrywide Financial Corp. during the height of the summer’s global credit crunch, and just weeks after Bank of America Chief Executive Ken Lewis vowed that making a deal in the mortgage industry would require him ‘to eat about seven years of my words.’
It also places Lewis, an aggressive dealmaker, in the position of a market savior. By buying Countrywide, he’s keeping the industry and regulators from the messy task of figuring out who would take on the responsibility of collecting payments for the millions of U.S. home loans serviced by the Calabasas, Calif.-based lender. Read more
read more…
This entry was posted
on Thursday, January 10th, 2008 at 4:14 am and is filed under Mortgages.
You can follow any responses to this entry through the comments RSS 2.0 feed.
You can leave a response, or trackback from your own site.
Leave a Reply