State pension plans seek returns in out-of-favor mortgage market (El Paso Times) COLUMBIA, S.C.?The subprime mortgage crisis has yielded at least one benefit for states: Mortgage-related investments have become so cheap that they are luring some pension funds to buy.read more...
ALL BUSINESS: Mortgage-bond guru hit by loan bust (AP via Yahoo! Malaysia News) Lewis Ranieri is credited with inventing mortgage-backed securities two decades ago, and recently he sounded warnings about mortgage risks.read more...
Morgan Stanley Bankers Brace for Cuts JOHN J. MACK, under pressure to lift Morgan Stanley's profits and its flagging stock price, will take his eponymous knife to the firm's highly regarded investment banking division and dismiss
Money Alert: Landscaping To Increase Home Value It's the time of year when many of us spend time working in the yard ... and tonight we're going to tell you why that's pure money in your pocket.via
Sales Slow after 5-Year Boom The five-year housing boom is indeed over, judging from growing statistical evidence and the performance of some of the nation's leading builders, and the slowdown is already rippling through the
Greenspan: US housing boom will 'inevitably' quiet down "Near term, the housing boom will inevitably simmer down," Greenspan said in prepared remarks for an economic summit in Jackson Hole, Wyoming.read more...
Mortgage lender IndyMac Bancorp Inc. said it will slash its work force by 24 percent, laying off 2,403 employees in a bid to cut costs as it tries to weather the worsening housing slump and problems selling home loans to investors.
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