Texas Bankruptcy Laws

Study up on mortgages  "The abundant choice of homes is permitting buyers to better negotiate price and terms." T he news in the housing sector just keeps getting worse. Most recently the National


Wall St. Bonuses: So Much Money, Too Few Ferraris  After a year of record profits at investment houses, a bonus gold rush has re-energized some luxury markets. read more...


When your landlord goes into foreclosure  If the home you're renting is going into default, there are not a lot of options, says the Real Estate Adviser.read more...


Real Estate Deposit vs Down Payment  When you're selling your home, you have to be familiar with related real-estate lingo.read more...


Web-based endeavors might trap the best mortgage rates for buyers (Orlando Sentinel)  What if you could shop for a mortgage by comparing not just the interest rate but also your total costs, all with anonymity, without telling lenders whether you are white


Morgan Stanley may write off more after Cruz ouster  "Will there be another shoe to drop?" The ouster of Zoe Cruz, one of Wall Street's most powerful female executives, as Morgan Stanley's co-president after a $3.7 billion mortgage

January 14th, 2008

Sovereign to book $1.6 billion in 4th-quarter charges

“Conditions will be very difficult for banks in 2008”

Sovereign Bancorp Inc. said Monday that it expects to take $1.6 billion in charges for the fourth quarter, as customers defaulted on loans and its investment in a New York thrift yielded lower-than-expected … via Times Leader



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