Banks losing up to $52 bln over subprime "European banks tend to be among the most conservative buyers of CDO paper and we estimate that their share of losses will be much smaller than that of the U.S.
Luxury home builder's contracts rise 19% (Reg Req'd) Luxury home builder Toll Brothers in its preliminary earnings release today reported record third-quarter and nine-month results for home-building revenues, backlog and contracts for the period ended July 31.read more...
Mortgage Bonds Hurt by Delinquencies, Housing Slump (Update1) (Bloomberg.com) Dec. 1 (Bloomberg) -- The mortgage bond market is beginning to buckle under the weight of the worst U.S. housing slump in six years.read more...
Broker pleads in 'flipping' investigation A Somerville mortgage broker entered guilty pleas Monday in U.S. District Court in Cincinnati to fraud and other charges as part of an ongoing federal probe of real-estate fraud that
PCC Plans Annual Martin Luther King Jr. Breakfast Event Polk Community College will have its fourth annual Martin Luther King Jr. Celebration Breakfast on Wednesday starting at 8 a.m. in the Student Center on the Winter Haven campus. The
FEMA May Help With Fire Costs LAKE WALES - The Federal Emergency Management Agency may pay part of the cost of fighting a 3,250-acre wildfire east of Lake Wales that destroyed more than 300 hunting camps
For military families with loved ones in the Middle East, the stress of making ends meet when one spouse is away is difficult enough without the extra burden of payment shock brought on by adjustable-rate-mortgage resets. But there could be some relief for these households if they ask for it.
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