AIG Posts Largest Quarterly Loss Ever "It would be folly to see the write-down as the absolute truth regarding their likely claims, but it would be folly to ignore it" American International Group Inc on
Buyers In Short Supply As Stocks Ends Lower The major stock indexes finished near their lows for the day Thursday as investors endured another low-volume session.read more...
Sometimes It's Not so Easy to Finish the Deal via
California Home Values Will Rise, Industry Group Says RISMEDIA, Jan. 6 - - The value of the typical California home will rise 5 percent to 8 percent in 2006 as sales decelerate slightly, the California Building Industry Association
Seekonk foreclosure filings up 163 percent According to land court filings tracked by a Framingham-based Web site, mortgage foreclosures are on the increase in Massachusetts, up by an average of 35 percent through October.read more...
Mortgage servicers urged to head off foreclosures (Reuters via Yahoo! News) Banking regulators on Tuesday urged mortgage servicers to be proactive and contact borrowers at risk of default to help them avoid foreclosure and keep their homes.read more...
“These are highly unusual results because there were very few jumbo loan originations in the latest quarter, so sales are much slower in high-cost areas, and at the same time foreclosures related to subprime mortgages rose”
Median home prices fell in two-thirds of the cities surveyed during the first three months of this year, a real estate trade group reported Tuesday. via ABC7 - KGO-TV
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