Types Of Bankruptcy

Accredited Home Says Weak Mortgage Market May Force Bankruptcy (Bloomberg.com)  Aug. 2 (Bloomberg) -- Accredited Home Lenders Holding Co., the subprime mortgage company that agreed to be acquired by buyout firm Lone Star Funds, said it may have to follow


U.S. Economy Slowed Sharply at End of 2005  Economic growth weakened unexpectedly in the fourth quarter of 2005, rising 1.1 percent, the slowest pace in three years, and clouding the immediate outlook for the economy, the government reported


Helping Hands by Helen Bendure  The Optimist Home Decoration Contest is coming up Suddenly Dec. 25 is closer than "just around the corner!" And the Optimist Club of Barstow wants us to know that they


Agencies Seek Comment on Subprime Mortgage Lending Statement  The federal financial regulatory agencies today issued for comment a proposed Statement on Subprime Mortgage Lending to address certain risks and emerging issues relating to subprime1 mortgage lending ...Commentread more...


'Perfect con man' sentenced to 10 years in mortgage scheme  A former Portland mortgage broker described as "the perfect con man" has been sentenced to 10 years in prison for a $5 million fraud scheme.read more...


The Local Agenda  read more...

January 14th, 2008

Mortgage woes send Citigroup to $9.83B US loss (CBC)

Shares of Citigroup Inc. traded lower in premarket activity Tuesday after the largest U.S. bank posted a $9.83 billion US loss for the fourth quarter on a massive writedown related to the beleaguered mortgage market.

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