Mortgage index declines (Detroit Free Press) An index of U.S. mortgage applications fell last week after reaching the second-highest level in more than a year, a private group's survey showed.read more...
Mortgage Business Lifts Profit at IndyMac (Los Angeles Times) IndyMac Bancorp Inc. reported 26% higher first-quarter profit Tuesday, sharply increasing its share of the mortgage market despite an industrywide downturn in home loans.read more...
Home building fees would fund school construction in Albuquerque Albuquerque's public school district could be getting money from homebuilders in the city to help build new schools or renovate old ones.read more...
Waterfield Announces Sale of Mortgage Business (Fort Wayne News Channel 15) (WANE) Hundreds of Fort Wayne jobs could be lost with the announcement that Waterfield Mortgage Company has agreed to sell its mortgage origination company to American Home Mortgage Corporation. Waterfield
Hedge fund managers set new payout records in 2007 "However, making money has gotten more difficult as banks that were caught holding troubled subprime paper have reduced lending to hedge funds." A handful of the world's top hedge
Real Estate Boom Tugs At Oakridge Borders After more than two decades of hibernation, home construction is on the rebound in this former timber town, with the prospect of hundreds of new homes on the horizon.read more...
“Now after reading this I’m saying (to small holders) your vote does matter. You need to review the restructuring plan carefully and you need to make a careful decision.”
– A plan to restructure $32-billion worth of asset-backed commercial paper will give both small and large investors equal voting rights in the process – a move that observers say was widely unexpected.
On Monday, the Pan-Canadian Investors Committee for Third-Party Structured ABCP was granted an application at the Ontario Superior Court for bankruptcy protection under the Companies’ Creditors Arrangement Act.
The committee, headed by Toronto lawyer Purdy Crawford, said that CCAA provisions require the plan to be approved by a majority of noteholders at the meeting, no matter the size of their holdings. Read more
read more…
This entry was posted
on Monday, March 17th, 2008 at 8:16 am and is filed under Mortgages.
You can follow any responses to this entry through the comments RSS 2.0 feed.
You can leave a response, or trackback from your own site.
Leave a Reply