Types Of Bankruptcy

Westpac acquires RAMS franchise for $140m  "The RAMS franchise model has proven to be successful and this transaction will allow it to continue" Westpac Bank said it has reached agreement to acquire the RAMS Home


Dallas FHL Bank to restate earnings (Reg Req'd)  The Federal Home Loan Bank of Dallas will restate net income to correct errors in accounting for financial contracts used to protect against swings in interest rates.read more...


30-Year Mortgage Rate Rises to 6.31% (Los Angeles Times)  Mortgage giant Freddie Mac said the nationwide average for 30-year, fixed-rate mortgages rose this week to 6.31%, up from 6.15% last week.read more...


London Criticized for Bomb Compensation (AP via Yahoo! News)   Compensation payments to London bombing victims and their families have been too slow, leaving the wounded and bereaved struggling to cover bills and mortgage payments, lawyers said Monday.read more...


Investment bankers made same mistakes as many of us do  "They didn't realize that with rising house prices, things look very good, but they were lending to people that couldn't afford chicken coops but were in four-bedroom homes" Big-name


Westfield Pays $61M for Calgary Asset  Heritage Square CALGARY-Westfield REIT is paying $61.3 million for Heritage Square in south Calgary.read more...

June 19th, 2005

Mortgage lending up slightly (Reuters.co.uk)

LONDON (Reuters) – Mortgage lending picked up slightly in May, but growth remained subdued, the British Bankers’ Association said on Monday, pointing to a continued slowdown of the housing market.

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