Types Of Bankruptcy

Dollar rally hits brakes after weak report  The dollar's three-day rally came to an abrupt halt after a key survey on the US services sector came in well below expectations in the aftermath of Hurricane Katrina.read more...


Housing Market to Stay on High Plateau  Home sales should generally level-out and remain at historically high levels, according to the National Association of Realtors .read more...


Need cash fast? There's always the 401(k)  Cash-strapped people are tapping their 401(k) funds out of sheer desperation. Be sure to consider all the angles.read more...


INSTANT VIEW - UK Aug mortgage approvals, lending at series low (Reuters via Yahoo! UK & Ireland News)  Mortgage approvals for house purchase fell to a series low of 32,000 in August while mortgage lending slumped to its lowest level in more than 15 years, the Bank of


Fitch Affirms Chase Commercial Mortgage Securities Corp., 1999-2 (Business Wire via Yahoo! Finance)   Fitch Ratings affirms Chase Commercial Mortgage Securities Corp., commercial mortgage pass-through certificates, series 1999-2 as follows:read more...


FDIC Unveils IndyMac Plan  The FDIC unveiled a plan to help borrowers of failed thrift IndyMac in order to keep consumers in their homes and limit the government's potential losses.read more...

January 17th, 2008

Lehman to cut 1,300 mortgage jobs (AP via Yahoo! News)

Lehman Brothers Holdings Inc. on Thursday said it would cease wholesale mortgage lending in the U.S. because of the continued housing slump, a move that includes 1,300 jobs cuts and a $40 million charge.

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