Broker in mortgage scam gets 9 years (Chicago Tribune)
Calling Michael Kakvand the “primary architect” of a multimillion-dollar mortgage-fraud scheme, a federal judge on Tuesday sentenced the one-time broker to 9 years in prison.
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Garden State's governor turns typical lobbyist furor on its head When politicians come under fire for financial dealings with lobbyists, it's typically because they take gifts or money aimed at influencing their decisions.read more...
IAC Selling Vivendi Stake, Shareholders Cheer Shareholders of IAC/Interactive , otherwise known as Barry Diller's company, are celebrating in the wake of this morning announcement that IAC would exit its stake in Vivendi Universal Entertainment .via
Mortgage Applications Increase 3.2 Percent to Three-Month High, MBA Says Mortgage applications in the U.S. rose last week to the highest level in more than three months after a recent decline in borrowing costs spurred home buying.read more...
Bush and Fed Step Toward a Mortgage Rescue (NYTimes.com via Yahoo! Finance) The Bush administration and the Federal Reserve are inching closer toward a government rescue of distressed homeowners and mortgage lenders.read more...
Wooda, Coulda (Reg Req'd) Forward P/E before announcement: 13.5 Forward P/E after announcement: 11.9 IF THIS IS THE best a cabinet maker can do amid a housing boom, what hope does it have once
Throw great designs on the floor They're boasting kinetic grids and stripes, and a palette of candy colors guaranteed to wake up a room. 'More than half of