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State Probes Role Of Official  The state attorney general has launched an investigation into the role played by Courtney Anderson, chairman of the embattled Hartford Housing Authority, in a neighborhood association's use of $3,000 in


Countrywide Blasts Ameriquest, REITs; Mortgage Industry News from MortgageDaily.com (PR Newswire via Yahoo! Finance)   While mortgage layoffs dominated real estate finance news during February, it was comments about subprime companies from Countrywide Financial Corp. that made top headlines at MortgageDaily.com, a dominant online


Shareholder Class Action Filed Against Impac Mortgage Holdings, Inc. By The Law Firm of Schiffrin & Barroway, LLP (FinanzNachrichten)  Notice is hereby given that a class action lawsuit was filed in the United States District Court for the District of New Jersey on behalf of all securities purchasers of


VA. Contractor Pleads Guilty to Defrauding Customers  A northern Virginia home improvement contractor faces up to 20 years in prison for scamming homeowners out of millions of dollars.read more...


Anworth Mortgage preannounces Q3 earnings of 7 cents/share, sets stock buyback  Anworth Mortgage Asset Corp. on Oct. 13 released preliminary operating information for its third quarter, including estimated earnings of 7 cents per share.read more...


FBI Probes Virginia Mortgage Scam    The sidewalks are still scrubbed and most lawns are neatly trimmed, but now the subdivision of townhouses off Route 1 in Woodbridge is pocked with empty windows and foreclosures.

May 11th, 2008

US futures fall on American International Group record loss

“On top of that, you’ve got Citi selling assets, which in the long run is a good thing, but it implies several more years of turmoil and restructuring.”

Equity markets overseas were pushed lower as the price of oil topped $125 a barrel. via Daily Times



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