HSBC says profits up 13 pct "The world economy remains remarkably buoyant. There is growing evidence of economic decoupling, with U.S. weakness not constraining economic activity elsewhere" HSBC Holdings, Europe's biggest bank, posted higher first-half
U.S. Files Charges in Fannie Mae Accounting Case Federal authorities filed civil charges today against three former top executives of Fannie Mae , the giant government-sponsored company that underwrites home mortgages, including the former chief executive, ...Commentread more...
Tech Notes: a better building? Well, a better way to pay for it (Reg Req'd) Perhaps there was no greater joy as a young boy than getting dirty in the sandbox and playing "Hard-Working Man" with a set of wooden blocks and a big yellow
Project Director This is one of the largest, privately funded, mixed use projects in one of the most secure countries in the Middle East.via
Ameriquest closes, Citigroup buys mortgage assets (Reuters via Yahoo! News) Ameriquest Mortgage Co, the largest U.S. subprime lender as recently as 2005, is closing, the latest home loan provider to shut down amid the nation's housing market slump.read more...
Jobless rates up sharply in region; Housing downturn is faulted; levels are still considered low "Fewer people are moving to Florida." By MICHAEL BRAGA michael.braga@heraldtribune.com The downturn in residential real estate and home building has caused a sharp rise in Southwest Florida unemployment. via
Two lawmakers are calling on Countrywide CEO Angelo Mozilo to give a portion of his severance package to charities that could help families affected by the mortgage crisis.
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