Woman jailed for false rape claim A married woman who claimed she had been raped to cover up the fact she had had a one-night stand was jailed for a year yesterday.via
Superior Development Group, Inc. Announces Signing of Letter of Intent read more...
Mortgage rates go up amid inflation worries (Contra Costa Times) Mortgage rates rose this week, with 30-year mortgages climbing to the highest level in more than four years on investor fears about inflation. Freddie Mac, the mortgage company, reported Thursday
Most Markets Haven't Hit Brakes If you like a lot of froth with your real estate, you will enjoy the federal government's latest numbers on home-price appreciation. via
Housing Starts Hit Highest Level In 3 Decades Construction of new homes and apartments, defying forecasts of a housing slowdown, shot up in January at the fastest pace in more than three decades.read more...
(AFX UK Focus) 2007-07-04 16:10 GMT: UK's FSA starts enforcement action against 5 subprime mortgage firms UPDATE (Interactive Investor) (Add Elephant and Loans, Council of Mortgage Lenders comment)read more...
Wall Street turned higher in erratic trading Thursday as a batch of reports pointed to an economy that is hurting, but not experiencing as rough a time as many investors expected after the near-collapse of the mortgage market.
Some deals at major companies including General Electric Co. and CBS Corp. also helped stocks stay afloat.
“The encouraging news is that the markets have become more functional, and large companies are able to make strategic purchases and sales, which previously was a very difficult thing to do,” said Alan Gayle, senior investment strategist for RidgeWorth Capital Management. Still, he added, “the market is still trying to digest the severity of the slowdown.” Read more
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