Texas Bankruptcy Laws

Home sales post big drop  Home sales saw the biggest drop in 24 years last year, according to a trade group report on the battered real estate market, but the reading also showed the the


Exhibition Puts Prefab Into Perspective  If any proof was necessary that architects are as prone to following trends as the average Joe, one need look no further than prefabricated housing.Commentread more...


Mortgage insurance write-off may help doom combo loans (BizJournals)  A little-known mortgage insurance deduction is helping to make traditional home loans more competitive as exotic loans fall out of favor, mortgage lenders say.read more...


Bank turmoil sees many mortgage products vanish (Reuters via Yahoo! UK & Ireland News)  The number of mortgage products on sale has slumped 12.4 percent so far this week after lender Bradford & Bingley exited the market and as the property sector buckles under


Lake homes on the block  It will be a busy weekend for waterfront properties as three houses-two on Bantam Lake and a third on a 30-acre pond in Winchester-are to be auctioned Saturday.read more...


Stocks lower as oil prices move up, November jobs data better than expected  The Toronto stock market lost an early lead to move lower Friday despite strength in the energy sector from higher oil prices.Commentread more...

March 25th, 2008

Ex-Countrywide Chief Forms Mortgage Buyout Firm (NPR)

The former head of troubled mortgage lender Countrywide hopes to cash in on the mortgage crisis with a new venture. Stanford Kurland is heading up a company called PennyMac, which buys and restructures distressed mortgages.

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